This industry is most susceptible to collusion: Perfect Competition Monopolistic Competition Pure Monopoly More than one...
This industry is most susceptible to collusion:
Perfect Competition
Monopolistic Competition
Pure Monopoly
More than one of these is correct
Oligopoly
Homework Answers
Oligopoly
Collusion is most suspectible to oligopoly industry, where firms collude to avoid competition through a formal agreement. They collude to form cartel. Price and output of the member firms is fixed as cooperative decision. Sometimes a leading firm in the market is accepted by the cartel as a price leader. Members of the cartel accept the price policy as specified the price leader.
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This industry is most susceptible to collusion:
Perfect Competition
Monopolistic Competition
Pure Monopoly
More than one...
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