4.1.5.5 Oligopoly - Collusive Behaviour (AQA A Level Economics Teaching Powerpoint)

This editable and downloadable PowerPoint covers Oligopoly - Collusive Behaviour

In an oligopoly, collusion occurs when firms work together to set prices or output levels in a way that maximizes their joint profits. This is different from competition, in which firms try to maximize their own profits. Collusion is illegal in most countries, because it can lead to higher prices for consumers and can reduce overall economic efficiency. However, it can be difficult to prove collusion, as firms may use a variety of methods to collude without leaving a paper trail.