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AP® Microeconomics

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Moderate

Oligopoly: Collusion

APMICR-PVVCDJ

In which of the following situations is collusion among firms most likely to be successful?

A

The industry has many firms, and the barriers to entry are relatively low.

B

The industry has few firms, and the barriers to entry are relatively high.

C

The industry has few firms and no barriers to entry.

D

The industry has many firms and highly differentiated products.

E

The industry has highly differentiated products and relatively low barriers to entry.