An oligopolistic model in which firms produce exactly the same results as would exist if the industry was ________ is called the collusion model.
A) perfectly competitive
B) monopolistically competitive
C) government regulated
D) a monopoly

Question

Quizplus · Accepted Answer

In the collusion model, firms in an oligopoly cooperate to set prices and output levels, effectively behaving like a single monopoly to maximize joint profits.

An Oligopolistic Model in Which Firms Produce Exactly the Same