Business, 27.05.2021 01:00 josh200508

Cartels are: unstable and tend to lose market power over time. firms that face perfectly elastic demand curves and increase profits by restricting output and raising prices. like monopolies that try to earn normal or competitive profits. extremely powerful and able to keep prices and profits high indefinitely

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Cartels are: unstable and tend to lose market power over time. firms that face perfectly elastic dem...

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