What is collusive oligopoly?
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Collusive oligopoly is a form of market in which few firms form a mutual agreement to avoid competition. They form a cartel and fix the output quotas and the market price. Each firm has its price and output policy is independent of the rival firms in the market.
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Collusive oligopoly is a form of market in which few firms form a mutual agreement to avoid competition. They form a cartel and fix the output quotas and the market price. ... Each firm has its price and output policy is independent of the rival firms in the market.
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