If such collusion is expressed formally in writing, the market form is called a cartel.
The Herfindahl index for it is set at around 2,500, which represents a market scenario in which there are roughly four comparable sellers. Companies have strong tendencies to collude in this economic form. If such collusion is expressed formally in writing, the market form is called a cartel. FTP what is this economic condition whose name derives from the Greek for "few sellers?"
The Herfindahl index for it is set at around 2,500, which represents a market scenario in which there are roughly four comparable sellers.
{oligopoly}