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Business, 03.12.2019 05:40

Nan oligopoly market, collusion between firms usually leads to higher profits than does noncooperative behavior. howeve r, formal, overt collusion doesn't usually occur in the united states because: i. it is illegal. ii. there is an incentive for each firm to cheat on a collusive agreement. iii. an oligopolistic firm will typically prefer lower profits for itself if the onl y way to make higher collective profits in the industry is to improve the profit position of its rivals

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