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What are the two types of perfect collusion under oligopoly? Explain it.
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written 3.5 years ago by
prajapatijaimin
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Solution:
perfect collusion under oligopoly:
Collusion or a cartel is a combination of firms whose objective is to limit the scope of competitive forces within a market. Individual firms of a certain industry surrender to a central association the power to make price and output decisions.
Thus, the cartel or …
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