Business, 19.11.2019 23:31 Scotdouglas346

In an oligopolistic market structure, collusion between firms usually leads to higher profits than noncooperative behavior. which of the following statements accurate describes why formal, overt collusion doesn't usually occur in the united states?
i. formal collusion is illegal.
ii. there is an incentive for each firm to cheat on a collusive agreement.
iii. oligopolistic industries have low barriers to entry.

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