What does it mean for a firm to collude

Reference no: EM13187870

A What are the assumptions underlying Imperfect Competition?
B State 2 features of a firm in long run equilibrium in Imperfect Competition that would be common to a firm in long run equilibrium under Monopoly.
C Give an example of an industry operating under conditions of an Oligopolistic market structure.
D What does it mean for a firm to: 1) collude and 2) be a profit maximiser?

Reference no: EM13187870

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