As a group, oligopolists would always be better off if they would act collectively true or false?.

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03-08-2022
Business

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As a group, oligopolists would always be better off if they would act collectively true or false?.

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achulaksh achulaksh · Answer 1 · 2022-08-08T06:29:55-04:00

True As a group, oligopolists would always be better off if they would act collectively

What happens when oligopolists collude?

Collusion happens when oligopoly firms make joint decisions, and act as if they were a unmarried firm. Collusion requires an agreement, either explicit or implied, between cooperating firms to limit output and achieve the monopoly price

What are the advantages of oligopoly?

An oligopoly can embrace a competitive strategy
The extra profits made from an oligopoly can go into research and development
It can bring price strength to the market.
Oligopolies can offer more details to their consumers.
It allows for more development refinement to occur.

To learn more about oligopoly, refer

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As a group, oligopolists would always be better off if they would act collectively true or false?.

Sagot :

What happens when oligopolists collude?

What are the advantages of oligopoly?

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