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Collusion mc ac - PowerPoint PPT Presentation

Cartels

Cartels. What is a Cartel. A Cartel is an organization by firms to set output and prices. Why a Cartel. A Cartel is an organization by firms to set output and prices. If the firms can agree to reduce output and are successful in excluding competitors, they can increase total industry profits.

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Collusion mc ac - PowerPoint PPT Presentation

Cartels