3. High concentration leads to either overt or tacit collusion. Thus, prices in oligopolistic industries will almost

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3. "High concentration leads to either overt or tacit collusion. Thus, prices in oligopolistic industries will almost surely be rigged against the consumer and to the benefit of the producer." Do you agree? Why or why not?

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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