Example of collusive oligopoly in india

Dear student,
Oligopoly refers to a market situation where there are few firms selling homogeneous or differentiated products.
Collusive oligopoly - If the firms cooperate with each other in determining price or output or both , it is called a collusive oligopoly.
There are no well known examples of collusive oligopoly in India. OPEC is an example of collusive oligopoly.

Regards.

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In India, markets for automobiles, cement, steel, aluminium, etc, are theexamples of oligopolistic market. In all these markets, there are few firms for each particular product. DUOPOLY is a special case of oligopoly, in which there are exactly two sellers.
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