Table Of Contents:
- What does cartels do in Mexico?
- What is a Mexican cartel?
- What is drug cartel?
- Is forming a cartel illegal?
- What is cartel Behaviour?
- What is a cartel vs monopoly?How many businesses are usually in a cartel?
- Is there cartel in Tijuana?
- How many firms are in a cartel?
- How does a cartel work?
- What is a cartel vs monopoly?Why are cartels illegal in the United States?
- Is cartels illegal in Australia?
What does cartels do in Mexico?
What is a Mexican cartel?
What is drug cartel?
Is forming a cartel illegal?
What is cartel Behaviour?
What is a cartel vs monopoly?How many businesses are usually in a cartel?
Is there cartel in Tijuana?
How many firms are in a cartel?
Cartel | |
---|---|
Characteristics | A small number of firms dominate the industry. Prices and production quantities are fixed. Product is undifferentiated. |
Barriers to entry | Barriers to entry are very high as it is difficult to enter the industry because of economies of scale. |