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.
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.