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tlc_71111 tlc_71111
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4 years ago
In which of the following circumstances would a cartel be most likely to work?

▸ The fast-food market, where there is a large number of producers but the demand for fast food is price-inelastic

▸ The market for copper, where there are very few producers and the product is standardised

▸ The coffee market, where the product is standardised and there are a large number of coffee growers

▸ The car industry, where there are few producers but there is great product differentiation
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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Antoinette12Antoinette12
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4 years ago
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tlc_71111 Author
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4 years ago
Helped a lot
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choih94
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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