解释概念：串谋（ collusion）

In perfect collusion， the firms are producing the joint profit-maximizing output。（ ）

The two companies made a tacit _____ to control price in the market. A: exhilaration B: integrity C: collusion D: submission

Something that oligopolists will try to engage in with another firm in setting a higher price is called : A: high economic profits. B: prisoner’s dilemma. C: collusion.

The funeral arrangements were ______ the family’s wishes. A: in collusion with B: out of keeping C: hand in glove with D: along with

Tacit collusion results when different firms set identical prices without ever meeting to discuss prices because of a “meeting of the minds,” whereby competitors realize that it is in all their best interests to avoid price competition.

Two<br/>key concepts that underlie management's design and implementation of<br/>internal control are:() A: costs<br/>and materiality. B: absolute<br/>assurance and costs. C: inherent<br/>limitations and reasonable assurance. D: collusion<br/>and materiality.