collusion with rival firms
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Please explain why collusion with rival firms (cooperative behavior) would provide a better outcome for an oligopolist than competition (Noncooperative behavior) and give a real world example.
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A discusssion of collusion with rival firms is entailed.
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Please explain why collusion with rival firms (cooperative behavior) would provide a better outcome for an oligopolist than competition (Noncooperative behavior) and give a real world example.
Collusion takes place within an industry when rival companies cooperate for their mutual benefit. (Wikipedia)
http://en.wikipedia.org/wiki/Collusion as retrieved on 23 Dec 2007 05:25:40 GMT.
Collusion with rival firms will lead to maximization of profit as there will be less wastage of resources. In case of competition there will be ...
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