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An extreme case of oligopoly in which firms collude to raise joint profits is known as a.duopoly. cartel. dominant producer. price war.
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An extreme case of oligopoly in which firms collude to raise joint profits is known as

a.duopoly. cartel. dominant producer. price war.

User Pixelkicks
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A Cartel

Note that it doesn’t have to be oligopolies that collude, small firms can also!
User Tadeo
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