Suppose an oligopoly is composed of four firms.One firm has a 50% market share;another firm,35%;another,10%;and the fourth,5%.It will be easier for this industry to engage in tacit collusion than it would for an oligopoly each of whose four firms has 25% of the market.

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The Answer of Suppose an oligopoly is composed of four firms.One firm has a 50% market share;another firm,35%;another,10%;and the fourth,5%.It will be easier for this industry to engage in tacit collusion than it would for an oligopoly each of whose four firms has 25% of the market.

Suppose an Oligopoly Is Composed of Four Firms