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Zinaida [17]
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:
ozzi3 years ago
7 0

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

  1. Perfect competition
  2. Oligopoly
  3. Monopoly

<h2>Learn more </h2>
  • What is perfect competition : brainly.com/question/3936953

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.

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<u>Explanation:</u>

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