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Hildegard3 Hildegard3
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3 years ago
When the market demand curve is relatively inelastic,

▸ it is unrealistic for a cartel to form because profits will be lower.

▸ penalties for forming an illegal cartel will be relatively low.

▸ the lower the price the cartel sets, the greater the benefits to the cartel.

▸ the higher the price the cartel sets, the greater the benefits to the cartel.
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Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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DiandraGreenDiandraGreen
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3 years ago
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3 years ago
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