Differences between cooperative and non cooperative oligopolies
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Cooperative oligopoly is one in which the firms cooperate with each other in deciding on output and price. On the other hand, non-cooperative oligopoly is one in which the firms compete with each other. Cartel is an example of cooperative oligopoly.
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Cooperative: When firms mutually decide price and output or follow any agreement and doesnt compete with each other like Cartels. Non-Cooperative : Here firms dont have any agreement and compete with one another on prices to get more and more share in market
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