A cartel can be successful at driving market prices above competitive levels when

0 votes
    explicit collusion and formal agreements are legal.
     demand for the good or service is inelastic.
     members refrain from cheating by producing more than their agreed upon output level.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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