Question

Give the differences between collusive and non-collusive oligopoly.

Answer 1

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COLLUVISE OLIGOPOLY - Colluvise Oligopoly industry containing few producers ( Oligopoly), in which producers agree among one another as to pricing of output and allocation of output markets among themselves cartel.
Ex - OPEC

NON- COLLUVISE OLIGOPOLY -
NON- Colluvise Oligopoly is a form of market in which few firms.

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