n an oligopoly market, collusion between firms usually leads to higher profits than does noncooperative behavior. Howeve r, form

Question

3 years ago

5

n an oligopoly market, collusion between firms usually leads to higher profits than does noncooperative behavior. Howeve r, form

al, overt collusion doesn't usually occur in the United States because: I. it is illegal. II. there is an incentive for each firm to cheat on a collusive agreement. III. an oligopolistic firm will typically prefer lower profits for itself if the onl y way to make higher collective profits in the industry is to improve the profit position of its rivals

Business

2 answers:

ozzi · Answer 1 · 2022-07-13T01:47:26+03:00

Oligopoly is a form of firm syndicate that consist of traders that has same product and try to gain more profit by collaborating to each other.

<h2>Further Explanation:</h2>

There are couple of types of market

Perfect competition
Oligopoly
Monopoly

<h2>Learn more </h2>

What is perfect competition : brainly.com/question/3936953

Mrrafil [7] · Answer 2 · 2022-07-13T03:11:08+03:00

Mrrafil [7]3 years ago

3 0

Answer: it is illegal in the United state.

Explanation:

Collusion is an anticompetitive behaviour and is a violation of antitrust law in United States.