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MMLU-Pro / 7205 / What is the difference between explicit and tacit collusion?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

What is the difference between explicit and tacit collusion?

category

economics

options

  1. Explicit collusion is an open agreement between companies on pricing, while tacit collusion implies similar pricing without any agreement.
  2. Explicit collusion involves a formal contract, while tacit collusion is based on informal social interactions.
  3. Explicit collusion is legal while tacit collusion is not
  4. Explicit collusion happens only in international markets, while tacit collusion is confined to domestic markets.
  5. Explicit collusion is based on verbal agreements, while tacit collusion relies on written contracts.
  6. Explicit collusion involves price fixing, while tacit collusion involves product quality fixation
  7. Explicit collusion occurs in retail markets, while tacit collusion occurs in wholesale markets.
  8. Explicit collusion requires physical meetings, while tacit collusion can be done online
  9. Explicit collusion is monitored by regulatory authorities, while tacit collusion goes undetected.
  10. Explicit collusion is always done in secret, while tacit collusion is done openly.

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7205
task_id
ca61146e-a18a-53ec-95f9-37f41f68a87d
task_key
default--test--7205
task_revision_id
1
config / split
default / test

Official source

initial import