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Author Question: You are given the following information about an oligopolistic industry:(i) there are few firms in ... (Read 58 times)

fnuegbu

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You are given the following information about an oligopolistic industry:

(i) there are few firms in the industry;

(ii) there is not a dominant supplier;

(iii) the firms' products are close substitutes for each other.

Which combination of these features is likely to encourage collusion between the firms in the industry?
◦ (ii) and (iii)
◦ (ii) only
◦ (i) and (iii)
◦ (i) and (ii)
◦ (i), (ii) and (iii)


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Marked as best answer by fnuegbu on May 25, 2020

heyhey123

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fnuegbu

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


amandalm

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Reply 3 on: Yesterday
Excellent

 

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