What are oligopolists said to be doing when they determine price and output decisions jointly?
A) corroborating
B) combining
C) coexisting
D) colluding

Question

Quizplus · Accepted Answer

Colluding. Oligopolists are said to be colluding when they jointly determine price and output decisions. This means they are working together to set prices and output levels in order to maximize profits, which can be illegal if it involves anti-competitive behavior.

What Are Oligopolists Said to Be Doing When They Determine