In an oligopoly prices are set collusively, which is in the public's interest.

Name: In an oligopoly prices are set collusively, which is in the public's interest.
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In an oligopoly, while firms may set prices collusively to maximize their own profits, this behavior is generally not in the public's interest as it can lead to higher prices and less choice for consumers, contrasting with competitive market outcomes that typically benefit the public through lower prices and more options.

In an Oligopoly Prices Are Set Collusively, Which Is in the Public's