With an oligopoly if a group of firms is not able to coordinate or collude, prices will not be higher than in a competitive market.

Name: With an oligopoly if a group of firms is not able to coordinate or collude, prices will not be higher than in a competitive market.
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Question

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In an oligopoly, even if firms are not able to coordinate or collude, prices may still be higher than in a competitive market due to competition among a limited number of firms.

With an Oligopoly If a Group of Firms Is Not