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?control over price and an oligopoly leveraging

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Please elaborate on the below questions and statements.

Control over price and an oligopoly leveraging it can be a problem, just look at what happened to the price for insulin.

When one airline increases fares or adds a new fee and other other airlines do the same thing without directly talking to each other, what form of collusion is this and is it generally legal or illegal in the United States?

Reference no: EM132285737

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