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Hall 3 > Collusive oligopoly > Flashcards

Collusive oligopoly Flashcards

1
Q

2 types of collusion

A

Overt (OPEC)

Tactic

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2
Q

4 Ways collusion is made easy

A

Able to prevent entry
Market demand predictable
Demand inelastic
Firms output can be monitored

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3
Q

4 ways cartels are easily broken down

A

Enforcement problems
Falling market demand
New entries of non-cartel members
Exposure of collusion

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Hall 3 (16 decks)

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