Conscious Interdependence, Oligopolists enter within formal or informal arrangements to

Conscious Interdependence

Oligopolists enter within formal or informal arrangements to fix prices within attempts to: (1) stabilize prices to customers. (2) compete more effectively along with foreign competitors. (3) reduce the price elasticity of market demand. (4) maximize and share their joint profits. (5) evade antitrust laws.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

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