Table Of Contents:
- What is meant by cartel in economics?
- Why do cartels often not last very long?
- Is cartel legal in the market?Are cartels legal in India?
- What is the major weakness of a cartel?
- What is the one condition needed for a cartel to survive?
- What are cartels in India?
- Why do cartels form?
- How is cartel profit calculated?
- Is cartel legal in the market?What is cartel pricing?
- Is the Gulf Cartel still active?
- Why are cartels illegal economics?
What is meant by cartel in economics?
Why do cartels often not last very long?
Is cartel legal in the market?Are cartels legal in India?
What is the major weakness of a cartel?
What is the one condition needed for a cartel to survive?
What are cartels in India?
Why do cartels form?
How is cartel profit calculated?
Firm A | Firm B | |
---|---|---|
1. Find (P – AC)q* for each firm | (60 – 20)20 | (60 – 20)20 |
2. Calculate profits | pA* = $800 | pB* = $800 |