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It is a condition of extreme collusion i.e, a secret or illegal cooperation to cheat others, where in the oligopolists enter into a pact to surrender their prices to a central agency in order to attain the highest joint profits.
E.g.: Taxi drivers or auto drivers demand for high prices for short distances.
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∙ 11y ago
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What conditions should be fulfilled for existence of a cartel. what is a centralised and market sharing cartel?
A cartel is an agreement among competing firms. Prices, marketing, and production come with fixed prices. A centralized and market sharing cartel is loosely formed and distribution of profits are not determined in a perfect manner. Each market is able to change the product in small ways, so as not to produce the same product.
Why cartel fails?
cartel is formed by few sellers when they want to maximise profit ,what is the advantage of forming a cartel?
What is a centralized cartel?
A centralised cartel is an arrangement by all the members, where a centralised body decides on the pricing.
What is the name for a formal organization of producers that agrees to coordinate prices and production called-?
The name for a formal organization of producers that agree to coordinate prices and production is called a cartel.
What is a sheik's cartel?
Opec
What conditions should be fulfilled for existence of a cartel. what is a centralised and market sharing cartel?
A cartel is an agreement among competing firms. Prices, marketing, and production come with fixed prices. A centralized and market sharing cartel is loosely formed and distribution of profits are not determined in a perfect manner. Each market is able to change the product in small ways, so as not to produce the same product.
Is cartel masculine or feminine?
Is cartel masculine or feminine
What is the song name in Nickelodeon's best player movie when chris science project exploded?
It's probably "The Perfect Mistake" by Cartel?
Why cartel fails?
cartel is formed by few sellers when they want to maximise profit ,what is the advantage of forming a cartel?
What is the duration of The Cartel?
The duration of The Cartel is 1.5 hours.
Which Mexican cartel controls mexicali?
i believe its the Sinaloa cartel
How tall is Macy Cartel?
Macy Cartel is 5' 8".
When was Tijuana Cartel created?
Tijuana Cartel was created in 1989.
When was Colima Cartel created?
Colima Cartel was created in 1988.
When was Juárez Cartel created?
Juárez Cartel was created in 197#.
When was Gulf Cartel created?
Gulf Cartel was created in 197#.
When was Cartel - band - created?
Cartel - band - was created in 2003.
