Which of the following oligopoly models is concerned with the maximization of joint profits ........

Economics- Phase (I & II) Demand and Supply , Market Structures

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Which of the following oligopoly models is concerned with the maximization of joint profits?

Price leadership model

Bertrand's model

Collusive model

Edgeworth's model

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Explanation:

Collusive models is concerned with the maximization of joint profits. Firms join together and work for the joint profit maximization. Oligopoly is defined as a market structure with a small number of firms, none of which can keep the others from having significant influence