Handful of firms in the market

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Oligopolies are market structures where there are only a handful of firms in the market. This being the case, each firm is likely very familiar which other, in terms of product and price changes. Some argue that this results in a market that behaves like a monopoly, which is illegal. What factors, other than legal reasons, allows or prevents oligopolies from colluding which each other?

Reference no: EM132422710

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