Asked by
Natalia Rodriguez
on Dec 12, 2024
Verified
Which of the following is an obstacle that would reduce the likelihood of effective collusion among oligopolists?
A) a highly inelastic market demand for the product
B) a small number of firms in the market
C) production of a homogeneous product
D) highly unstable demand for the product
Effective Collusion
A situation where firms in a market agree to act together instead of competing, often to fix prices or market shares, to maximize their profits.
- Comprehend the fundamentals and difficulties associated with collusion in oligopolistic markets.
Verified Answer
TS
Learning Objectives
- Comprehend the fundamentals and difficulties associated with collusion in oligopolistic markets.
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