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Author Question: Under what circumstances can a cartel succeed in the long run? (Read 196 times)

knightj

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on: Oct 12, 2022

Question 1

It is common for a cartel to collapse when one or more firms in the cartel
◦ produce more efficiently than other member firms.
◦ increase its price above the monopoly price.
◦ exit the industry.
◦ exceed its output quota.
◦ are much larger than other cartel members.

Question 2

Under what circumstances can a cartel succeed in the long run?
◦ Member firms cooperate and resist their individual incentives.
◦ There is free entry of new firms.
◦ All firms are experiencing decreasing returns to scale.
◦ The cartel has authorization from the government.
◦ The long-run market supply curve is elastic.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by knightj on Oct 12, 2022

my33251

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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knightj

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Reply 2 on: Oct 12, 2022
Excellent

matt95

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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