Business, 22.04.2021 21:00 priceisright11401

Suppose you are an economist working for the Antitrust Division of the Department of Justice. In the following case you are given the task of determining whether the behavior warrants an antitrust investigation for possible illegal acts or is just an example of undesirable, but not illegal, tacit collusion. The two oil companies that produce most of the petroleum for the western half of the United States have decided to forgo building their own pipelines and to share a common pipeline, the only means of transporting petroleum products to that market.
a. This is just an example of undesirable, but not illegal, tacit collusion.
b. This warrants an antitrust investigation.
c. This is not collusion

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Suppose you are an economist working for the Antitrust Division of the Department of Justice. In the...

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