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A) Describe a cartel and the two different types of cartels. B) What is price leadership? Explain the different types of price leadership, citing a

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A) Describe a cartel and the two different types of cartels. B) What is price leadership? Explain the different types of price leadership, citing a real- world example in each case. C) Discuss the advantages and disadvantages of price leadership in an oligopoly market

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