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In an oligopolistic market, if firms produce substitutable goods (like oil for instance), there can be a high degree of competition. Explain how the firms
In an oligopolistic market, if firms produce substitutable goods (like oil for instance), there can be a high degree of competition. Explain how the firms might benefit from forming a cartel. Why might government authorities prohibit such cartels? Can you find real-world examples of cartels/collusion
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
