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प्रश्न
What is the difference between collusive and non-collusive oligopoly?
उत्तर
| S. No. | Feature | Collusive Oligopoly | Non-Collusive Oligopoly |
| 1. | Cooperation Among Firms | Firms collaborate and reach agreements on prices or output levels to maximise used revenue. | Businesses don't work together; they choose their prices and output. |
| 2. | Market Control | Increases market control and price stability as a result of coordinated activities. | Increasing competition among enterprises may lead to price wars and more price fluctuation. |
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संबंधित प्रश्न
Following is not the feature of perfect competition:
'A few big sellers' is a characteristic of ______.
There is no difference between perfect competition and pure competition.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
What is meant by pure competition?
Give three points of difference between perfect competition and monopoly.
Define monopolistic competition.
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
Product differentiation
Why an individual firm under perfect competition cannot influence the market price?
