question archive Cooperation is achieved in an oligopoly market when a
Cooperation is achieved in an oligopoly market when a
Subject:MarketingPrice:2.88 Bought3
Cooperation is achieved in an oligopoly market when
a. most of the firms in the market decide not to cheat.
b. some of the firms in the market decide not to cheat.
c. at least one of the firms in the market decides not to cheat.
d. all of the firms in the market decide not to cheat.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
d. all of the firms in the market decide not to cheat
The firms in the oligopoly market structure have to engage in non-priced wars since they face a kinked demand curve. The firms cooperate and fix the prices of goods and services. All the firms make an informal cartel and abide by the terms and conditions fixed in the cartel.
