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"Conscious parallelism of action" among oligopolistic firms

"Conscious parallelism of action" among oligopolistic firms is an example of ____.

intense rivalry

a formal collusive agreement

informal, or tacit, cooperation

a cartel

none of the above

Solution Summary

"Conscious parallelism of action" among oligopolistic firms is an example of ____.

intense rivalry

a formal collusive agreement

informal, or tacit, cooperation

a cartel

none of the above

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