If the several oligopolistic firms that compose an industry behave collusively, the resulting price and output will most likely resemble those of

Question

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Collusive behavior among oligopolistic firms can result in a situation where the firms act as a single entity, effectively creating a monopoly. In this scenario, the firms may cooperate to restrict output and raise prices, resulting in a market structure similar to that of a pure monopoly.

If the Several Oligopolistic Firms That Compose an Industry Behave