Question

Assume the four major grocery stores in a large metropolitan area decide to meet secretly to fix prices for meat. It would be easiest to maintain this arrangement when:1. the cost conditions for the four firms differ substantially.

2. individual firms are able to offer secret price discounts to selected buyers.
3. the number of additional competitors is very small.
4. demand for meat and fresh vegetables is falling.

Answer 1

3

Step-by-step explanation:

It would be easiest to maintain this arrangement when the number of additional competitors is very small.