Price leadership, collusion, and cartels are the three practices of oligopolies that concern the government the most
Explanation:
Oligopolies can informally provide collusive agreements, fix prices together, and operate similarly to a cartel, which allows them to price goods and services like a monopolist. Oligopolies are defined by one firm’s confidence in other firms within the industry.
- Price leadership - The step taken by a head in an oligopolistic industry to manage prices for the entire industry.
- collude - To act in concert with; to conspire.
- Cartel - A group of businesses or nations that collude explicitly to limit competition within an industry or market.
