Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What the main obstacles to collusion? Speculate as to why price leadership is legal in the United States, whereas price fixing is not.
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The first step is to understand the vocabulary.
What are
oligopolistic industries?
price collusion?
What are
oligopolistic industries?
price collusion?
When talking about money, uniformity means: