When Firms in an Oligopoly Successfully Collude and Do Not

question 288

Multiple Choice

When firms in an oligopoly successfully collude and do not cheat on a cartel agreement,they can achieve long-run economic profit similar to

• A)perfect competition.
• B)monopoly.
• C)monopolistic competition.
• D)non-colluding oligopolies.
• E)the firms in regulated industries.

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