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Should we distinguish between collusive outcomes and conduct

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1. Is there a difference between defining collusion as firm conduct to coordinate behavior and defining collusion to be an outcome where industry output is less than in the static noncooperative equilibrium? Should we distinguish between collusive outcomes and collusive conduct?

2. Why does tacit collusion in the commercial waste hauling business often take the form of exclusive territories?

Reference no: EM13874799

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