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Oligopoly firms that cheat on pricing agreements Qbank

Statement 1: “When oligopoly firms cheat on price fixing agreements, the resulting price and output quantity approaches that of perfect competition.”



Below is a statement form a qbank question, they didnt indicate whether or not it was correct in the answer explaination, I'm assuming it is but can anyone clarify?

That is Nash equilibrium. Both firms cheat and neither firm will make an economic profit which is like perfect competition.

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