Business, 11.12.2019 21:31 campbell387

The two conflicting tendencies that a firm has in an oligopolistic industry are the incentive to

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cooperate in a joint aggrement to maximize profit as well as the incentive to cheat to have increaseed share of the profit.

Explanation:

Since oligopolistic market has a joint decision making interdepency on each other to ensure that each firm in the industry has its own share of the market, there can only be conflicting behaviours amongst the firms to either make profits togtehr or make profit at the detriment of tthe other firms

Answer from: Jaymp2706jj

work together in a collusive agreement that will maximize the profits for the supplying firms in the oligopolistic industry versus the temptation to cheat on that agreement in order to increase the company's profit.

Explanation:

A collusive agreement is a secret non competitive agreement made between competing firms in order to gain market advantage. Sometimes firms in an oligopolistic industry agree to not compete with each other, that leads to a collusive oligopoly.

The problem is that a cheater will always want more, and first they cheat on customers, but eventually they end up cheating their own collusive agreement.

Answer from: Quest

Ok i a

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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