distinguish between coprative and non-coprative oligopoly
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Cooperative oligopoly is a form of the market in which there are few firms in the market and all decide to avoid competition through a formal agreement. They collide to form a cartel, and fix for themselves output quota and market price.
Non-cooperative oligopoly is a form of the market in which there are few firms in the market and each firm pursues its price and output policy independent of the rival firms. Each firm tries to increase its market share through competitionRead more on Sarthaks.com
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Cooperative oligopoly is a form of the market in which there are few firms in the market and all decide to avoid competition through a formal agreement. They collide to form a cartel, and fix for themselves output quota and market price. Non-cooperative oligopoly is a form of the market in which there are few firms in the market and each firm pursues its price and output policy independent of the rival firms. Each firm tries to increase its market share through competition.Read more on Sarthaks.com - https://www.sarthaks.com/81436/distinguish-between-cooperative-and-non-cooperative-oligopoly
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