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Basic Question 9 of 17
Collusion is motivated by a desire to ______.
B. increase profits by eliminating competition
C. better meet the needs of consumers through cooperation
D. avoid competition and increase profits
A. reduce costs by eliminating unnecessary competition
B. increase profits by eliminating competition
C. better meet the needs of consumers through cooperation
D. avoid competition and increase profits
User Contributed Comments 6
| User | Comment |
|---|---|
| cgeek | B? |
| Claudio | You cannot eliminate competition. just wording difference I think. |
| Done | You can eliminate competition but then it's desire turns into price fixing which is illegal. |
| wulin | Eliminating competition = Kicking firms out of market. Avoiding competition = Everybody in without competition. |
| YOUCANDOIT | nice explanation wulin! |
| walterli | Russian Collusion |
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Learning Outcome Statements
explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy
CFA® 2024 Level I Curriculum, Volume 1, Module 1.