Market and Price Determination-Oligopoly (CBSE Class-12 Economics): Questions 1 - 2 of 2

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Question number: 1

» Market and Price Determination » Oligopoly

One Liner Question▾

Write in Brief

Give the meaning of ‘oligopoly’.

Question number: 2

» Market and Price Determination » Oligopoly

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Distinguish between collusive and non-collusive oligopoly. Explain how the oligopoly firms are interdependent in taking price and output decisions.

Explanation

Distinguish between collusive and non-collusive oligopoly

In detail distinguish between collusive and non-collusive oligopoly

Characteristics

Collusive ‘oligopoly

Non-collusive oligopoly

What collude in this?

This firm might decide to collude together and not to compete with each other.

This firm do not collude and instead compete with each other.

Definition

If… (49 more words) …

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