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प्रश्न
What defines collusive oligopoly?
विकल्प
Firms compete aggressively on price
Firms collude to avoid price wars and maximize profits
Firms ignore rivals' actions
Firms focus only on non-price factors
MCQ
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उत्तर
Firms collude to avoid price wars and maximize profits
Explanation:
Firms enter agreements or form cartels to set common prices and reduce rivalry from interdependence.
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