ECON 101 SEU Ways Cartel Turns Oligopolies into Monopoly Discussion

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ECON 101 SEU Ways Cartel Turns Oligopolies into Monopoly Discussion

econ 101, Economics

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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