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Author Question: Price fixing tends to fail in an oligopoly because: (Read 66 times)

magmichele12

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Price fixing tends to fail in an oligopoly because:
◦ it increases the quantity demanded.
◦ consumers don't like fixed prices.
◦ firms like to have flexibility in setting prices.
◦ each firm has an incentive to underprice the other firms.


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Marked as best answer by magmichele12 on Jul 20, 2019

matt

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magmichele12

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matt

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You're welcome



 

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