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In the framework of an oligopoly, what strategy can work like a silent form of cooperation? legally enforceable agreements always match other cartel firms' price cuts, but don't match price increases immediately match price increases always match other cartel firms' price increases, but don't match price cuts

Dana Keller

in Business

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Whitney Matthews on August 11, 2018

In the framework of an oligopoly, what strategy can work as a silent form of cooperation? Always match with other cartels of companies, the price cuts but do not match price increases. An oligopoly is where there are the limitation of competition and the market is shared by a limited number of producers and sellers. Because there is a limited amount, people are already in a greater likelihood of purchasing the items.


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