Oligopolistic firms never collude because they have almost no incentive to do so.

Name: Oligopolistic firms never collude because they have almost no incentive to do so.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Oligopolistic firms may collude in order to increase their profits by reducing competition and setting higher prices. However, there may be risks involved in colluding, such as the possibility of being caught and facing legal consequences for anti-competitive behavior, so some oligopolistic firms may choose not to collude.

Oligopolistic Firms Never Collude Because They Have Almost No Incentive