Collusive oligopolies Collusion among firms in an oligopoly market structure occurs where there are express or tacit agreements between firms to follow a particular price structure in relation to particular products (for homogenous products) or particular transaction or product classes (for heterogeneous products). Colluding firms are able to maximise profits at a level above the normal market equilibrium.
Collusive oligopolies Collusion among firms in an oligopoly market structure occurs where there are express or tacit agreements between firms to follow a particular price structure in relation to particular products (for homogenous products) or particular transaction or product classes (for heterogeneous products) Colluding firms are able to maximise profits at a level above the normal market equilibrium.