If three or four homogeneous oligopolists collude, the resulting price and production outcomes will be similar to those of pure monopoly.

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Sadaf Tarzi · Accepted Answer

Final Answer : True, Explanation :  When three or four homogeneous oligopolists collude, they effectively act as a single producer (a monopolist) by setting prices and production levels collectively to maximize their joint profits, leading to outcomes similar to those of a pure monopoly, where prices are higher and production is lower compared to competitive markets.

If three or four homogeneous oligopolists collude, the resulting price and production outcomes will be similar to those of pure monopoly.

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