A collusive agreement among firms is characteristic of:
A
Collusive oligopoly
B
Non-collusive oligopoly
C
Monopoly
D
All of these
Correct Option:
A
Explanation
When oligopolistic firms cooperate through an agreement on price, output, market sharing, and similar matters, that is a collusive oligopoly. The opposite is a non-collusive oligopoly, where firms compete strategically without an agreement.
