OLLUSIVE OLIGOPOLY: Perfect Cartel, Market-Sharing by Non-Price Competition and Output Quota Notes
COLLUSIVE OLIGOPOLY: CARTEL AS A COOPERATIVE MODEL The term collusion means to ‘play together’ in Economics. In collusive oligopoly, the firms cooperate with each other in taking joint actions to keep their bargaining position stronger against the consumer. When government action is responsible for bringing the firms together, then it is explicit collusion and when … Read more