Economy, asked by devensingh200, 4 months ago

Explain cartels under collusive oligopoly. with diagram

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Answered by bharathukkusuri

0

Explanation:

Collusive Oligopoly

If firms in oligopoly collude and form a cartel, then they will try and fix the price at the level which maximises profits for the industry. They will then set quotas to keep output at the profit maximising level. The price and output in oligopoly will reflect the price and output of a monopoly.

Answered by Anonymous

3

Collusive Oligopoly

If firms in oligopoly collude and form a cartel, then they will try and fix the price at the level which maximises profits for the industry. They will then set quotas to keep output at the profit maximising level. The price and output in oligopoly will reflect the price and output of a monopoly.

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