economics

Question

Distinguish between cooperative and non cooperative oligopoly.

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Studies Lakshita 6 years 1 Answer 384 views Bronze 0

Answer ( 1 )

  1. Answer. Cooperative oligopoly is one in which the firms cooperate with each other in deciding on output and price. On the other hand, non-cooperative oligopoly is one in which the firms compete with each other. Cartel is an example of cooperative oligopoly.

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