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GCSE
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More cards in this set
Card 6
Front
What are the weaknesses of the kinked demand model?
Back
Card 7
Front
Define collusion
Back
Card 8
Front
Define tacit (informal) collusion
Back
Card 9
Front
Define cartel
Back
Card 10
Front
What are the three conditions for a cartel to work effectively
Back
Card 11
Front
What is the difference between overt and covert collusion
Back
Card 12
Front
What is a form of tacit collusion
Back
Card 13
Front
Define price leadership
Back
Card 14
Front
What are the three strategies of price competition
Back
Card 15
Front
Define price wars
Back
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