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Sagot :
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
https://brainly.com/question/3005866
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