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Even When Allowed to Collude, Firms in an Oligopoly May

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Essay

Even when allowed to collude, firms in an oligopoly may choose to cheat on their agreements with the rest of the cartel. Why?


Definitions:

Political Philosophy

A field of study concerned with questions about government, politics, liberty, justice, property, rights, law, and the enforcement of a legal code by authority.

In-kind Transfers

Non-cash assistance provided by governments or organizations, including goods and services, to individuals or other entities.

Food Stamps

A government-provided assistance program designed to help individuals and families with low income purchase food.

Housing Vouchers

A form of government housing assistance that provides financial aid to help low-income families pay for rent in the private market.

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