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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
128 Chapter 5
COLLUSIVE MODEL OF OLIGOPOLY
e oligopoly models discussed in the previous sections are based on the assumption that the oligopoly
rms act independently; they are in competition with one another; and there is no collusion between the
rms. e oligopoly models of this category are called non-collusive models. In reality, however, oligopoly
rms are found to be in some kind of collusion or agreement—open or secret, explicit or tacit, written or
unwritten, and legal or illegal—with one another for at least three major reasons.
First, collusion eliminates or reduces the degree of competition between the rms and gives them
some mon ...
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Publisher Resources

ISBN: 9788131797655