Answer:
Image result for How Monopolies and Collusion Affect the Economy Describe the concepts of monopoly and collusion in a market economy. Give five examples of monopolies and collusion among sellers and their effects on the market economy.
Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.
Explanation:
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