Question

n an oligopoly market, collusion between firms usually leads to higher profits than does noncooperative behavior. Howeve r, formal, overt collusion doesn't usually occur in the United States because: I. it is illegal. II. there is an incentive for each firm to cheat on a collusive agreement. III. an oligopolistic firm will typically prefer lower profits for itself if the onl y way to make higher collective profits in the industry is to improve the profit position of its rivals

Answer 1

Oligopoly is a form of firm syndicate that consist of traders that has same product and try to gain more profit by collaborating to each other.

Further Explanation:

There are couple of types of market

1. Perfect competition
2. Oligopoly
3. Monopoly

Learn more

• What is perfect competition : https://brainly.com/question/3936953

Answer 2

Answer: it is illegal in the United state.

Explanation:

Collusion is an anticompetitive behaviour and is a violation of antitrust law in United States.