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1 vote
An agreement among members of an oligopoly to set prices and production levels is called?A)price leadership.B)competition.C)collusion.D)imperfect monopoly.

2 Answers

3 votes

Answer:

C. Collusion

Step-by-step explanation:

secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others.

User Berming
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6 votes

C. Collusion This is the definition set forth in the Econ Chapter 7.3

User Kyla
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