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

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When oligopolistic firms behave collusively, they act together to maximize their collective profits, similar to a single monopolist. This results in a price and output level that resembles those of a pure monopoly, where a single firm controls the entire market and sets prices above competitive levels while restricting output.

If the Several Oligopolistic Firms That Compose an Industry Behave