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
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Wednesday, February 24, 2021, 5:29 PM