Solved: Explain how oligopoly firms can benefit from collusion and, Microeconomics

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Explain how oligopoly firms can benefit from collusion and

Question - Explain how oligopoly firms can benefit from collusion, and why they have an incentive to act in ways that reduce their combined profit.

Please use the principle of microeconomics to answer this question perfectly, completely, and in details.

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Microeconomics: Explain how oligopoly firms can benefit from collusion and

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Microeconomics: Explain how oligopoly firms can benefit from collusion and

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