If all the oligopolists in a market collude to form a cartel,total profit for the cartel is less than that of a monopolist.

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If all the oligopolists collude to form a cartel, they can collectively act as a single monopolist by controlling the market price and output. This allows them to earn higher profits than if they were competing with each other. However, maintaining collusion and preventing members from cheating can be challenging, which could lead to a breakdown of the cartel and lower profits. Nonetheless, in theory, a cartel could potentially earn higher profits than a monopolist due to the greater number of firms involved.

If All the Oligopolists in a Market Collude to Form