ECON 101 SEU Ways Cartel Turns Oligopolies into Monopoly Discussion
Question Description
I’m working on a micro economics discussion question and need an explanation and answer to help me learn.
10.2 Action Required:
Reading
Read the following to prepare for this week:
Survey of Economics, Chapter 8: Market Entry. Monopolistic Competition and Oligopoly
Video:
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.
MIT OpenCourseWare video lecture series, “Oligopoly” http://www.youtube.com/watch?v=e3Bsb1mELcc&list=SP61533C166E8B0028&index=17
10.3 Test your Knowledge (Question):
Q1 Refer the above video and discuss how cartel turns oligopolies into monopoly.
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