Respuesta :

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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