Question

differentiate b/w collusive and non collusive oligopoly
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Answer 1

Collusive oligopoly is a form of market in which few firma form a mutual agreement to avoid competition.They form A cortel and fix the outfit quotas and the market price . Leading firm in the market is accepted by the cartel as a price leader.

Non-collusive oligopoly is a form of market i n which few firms. Each firm has its price and output policy is independence of the rizal firms in the market .The entire firms enable to increase its market share through competition in the market

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