disadvantage of oligopoly market

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Last updated 1:54 PM on 6/4/26
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4 Terms

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Producer disadvantage

Tacit collusion reduce profitability of the smaller firms

2
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Evaluation 1

Depend on level of homogeneous goods, XED

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Consumer disadvantage:

Overt collusion harming consumer welfare through high price low quality goods

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Evaluation 2

Whistleblowing incentive incentivise breakdown of cartels