If the firms in an oligopolistic industry can collude effectively (from the firms' viewpoints), the resulting price and output in the market will be most similar to that of

Name: If the firms in an oligopolistic industry can collude effectively (from the firms' viewpoints), the resulting price and output in the market will be most similar to that of
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Question

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When firms in an oligopoly collude effectively, they act as a single monopolist, resulting in a price and output similar to that of a pure monopoly.

If the Firms in an Oligopolistic Industry Can Collude Effectively