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By use of a diagram, explain how price and output are determined in a collusive oligopoly (centralized cartel) market situation

By use of a diagram, explain how price and output are determined in a collusive oligopoly
(centralized cartel) market situation

Answers


Kavungya
fig184420191009.png
The cartel will produce where TMC of all the firms in the industry are equal to the TMR
hence produce at OQ? and sell at OP?
Kavungya answered the question on April 4, 2019 at 07:10

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