Hey MeritNation,
I am sorry to inform you that i can't quite understand the numercial explanation of non-collusive oligopoly as we have not been taught numericals based on that in school.I would be obliged to you if you could explain this topic to me through a written explanation.
Thankyou.
Hi Jereena,
To understand the difference between collusive oligopoly and non-collisive oligopoly, follow the below mentioned link.
https://www.meritnation.com/ask-answer/question/differentiate-btw-collusive-and-non-collusive-oligopoly/non-competitive-markets/3551168
Also, you can view the video which will help you to understand the aforementioned topic. Follow the link to view the same and scroll down to the video under the topic 'Numerical Example of Non-Collisive Oligopoly'.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/non-competitive-markets/338_1985_5827#slide3_oligopoly-market-and-its-features
All thebest for your exams!!
To understand the difference between collusive oligopoly and non-collisive oligopoly, follow the below mentioned link.
https://www.meritnation.com/ask-answer/question/differentiate-btw-collusive-and-non-collusive-oligopoly/non-competitive-markets/3551168
Also, you can view the video which will help you to understand the aforementioned topic. Follow the link to view the same and scroll down to the video under the topic 'Numerical Example of Non-Collisive Oligopoly'.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/non-competitive-markets/338_1985_5827#slide3_oligopoly-market-and-its-features
All thebest for your exams!!