Answer:
Collusive Oligopoly It is a form of the market in which there are few firms and all decide to avoid competition through a formal agreement. They collude to form a cartel and fix for themselves output quotas and market price. Sometimes a leading firm in the market is accepted by the cartel as a price leader Members of the cartel accept the price as fixed by the price leader. Non-collusive Oligopoly It is a form of the market in which there are few firms and each firm pursues price and output policy independent of the rival firms. Each firm tries to increase its market share through competition. Competition is preferred over collusion as a means of profit maximisation.
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