Economy, asked by vijitharenjusre3924, 1 year ago

Difference between collusive oligopoly and perfect oligopoly

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Answered by Anonymous

1

Heya..

Collusive Oligopoly....

It is a form of market in which there are few firms in the market and all decide to avoid competition through a formal agreement.. They collude to form a cartel..Members of cartel accept the price policy as specified by the price leader....

Perfect Oligopoly....

If oligopoly firms are producing homogeneous products , it is called perfect oligopoly....

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