Why Do Firms in an Oligopoly Find It Difficult to Cooperate

question 160

Essay

Why do firms in an oligopoly find it difficult to cooperate and not cheat on a cartel agreement?

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Definitions:

Cognitive-Behavioral Therapy

A popular integrated therapy that combines cognitive therapy (changing self-defeating thinking) with behavior therapy (changing behavior).

Emotional Support

Assistance provided by other people which is intended to offer comfort, care, and reassurance in times of stress and anxiety.

Thanking Others

The act of expressing gratitude or appreciation to someone for their actions, support, or presence.

Repressed Impulses

Desires or urges that have been pushed into the unconscious due to being deemed unacceptable or uncomfortable by the conscious mind.