Question: Select the definition that represents an oligopoly. A model that explains why price fixing tends to break down When firms work together to determine the

Select the definition that represents an oligopoly.

  • A model that explains why price fixing tends to break down
  • When firms work together to determine the price and number of products
  • A market structure that consists of a few firms that all sell similar products
  • A group of firms engaged in price fixing

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