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Colusive and non colusive oligopoly define

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Colusive and non colusive oligopoly define
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Mikun Mk 7 years, 11 months ago

Non collusive oligopoly- when firms donot cooperate with each other in order to compete with each other

Mikun Mk 7 years, 11 months ago

Collusive oligopoly- when two or more big firms joins together by forming an agreement called cartel to avoid competition.
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