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moreme moreme
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A year ago
For firms in an oligopoly, the main advantage of explicit collusion is that it

▸ eliminates the gains from cheating.

▸ reduces the cost per unit of advertising.

▸ leads to greater product differentiation.

▸ makes all firms more productively efficient.

▸ removes much of the uncertainty about rivals' reactions.
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Microeconomics

Microeconomics


Edition: 17th
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ryan_navarro5ryan_navarro5
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A year ago
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moreme Author
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A year ago
This site is awesome
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Good timing, thanks!
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Thank you, thank you, thank you!
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