Cartels vs Oligopolies
- Created by: kingzai
- Created on: 09-10-18 21:04
Cartels vs Oligopolies |
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Overall comparisonCartels can occur in any market, but mainly in oligopolies. They are a special case of oligopoly where competing firms in an industry collude to create formal, explicit agreements to fix prices and production quantities.-By Zai and Riya |
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