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Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What are...

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Economics

Why might price collusion occur in oligopolistic industries?Assess the economic desirability of collusive pricing.

What are the main obstacles to collusion?

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Oligopoly is a market in which there are small numbers of firms with significant market share This is analogous to a monopoly that has a single firm where a range of firms have oligopoly Price collusion exists to maximize income in the oligopolistic industries Industries set prices among themselves in an oligopolistic market in order to    See Answer
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