Why Parties to Cartels Cheat
Watch this video about why parties in a cartel tend to cheat. Keep in mind that this type of market applies to imperfect competition, like a duopoly.
Source: Khan Academy, http://www.khanacademy.org/finance-economics/microeconomics/v/why-parties-to-cartels-cheat
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Last modified: Monday, July 22, 2024, 10:29 AM