Which of the following is an explanation of why Oligopolists have an incentive to collude
A. The demand for each firm's product would be kinked
B. Each firm would face a perfectly inelastic demand for its product
C. Each firm would face a relatively inelastic demand for its product rather than a relatively elastic demand when firms raise prices independently
D. The market demand curve would become perfectly inelastic
Each firm would face a relatively inelastic demand for its product rather than a relatively elastic demand when firms raise prices independently