discusstion week 10

User Generated

vvkwbbql

Economics

Question Description

I'm working on a micro economics discussion question and need support to help me learn.

Q1 Refer the above video and discuss how cartel turns oligopolies into monopoly. 

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Explanation & Answer

Please view explanation and answer below.

1

Cartel Influences.

Your Name
Instructor’s Name

Course

Date of submission

2
How cartel turns oligopolies into a monopoly.
A Cartel is basically made of investors or organizations members who come up together
and work to make the prices and output decisions of products in the market like the oil cartels
(OPEC). The rise of an oligopolistic market is all as a result of the formation of cartels in the
market to make decisions. Indeed, cartels arise in mark...

NyrknaqenBegvmGZG (19129)
Boston College

Anonymous
Awesome! Perfect study aid.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags