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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.

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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1 Answer

2 votes
A Cartel

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