2) Proctor & Gamble (P&G) and the Lever Co. decide to form a laundry detergent cartel for future sales in Europe. Lever is more efficient than P&G.
a)illustrate graphically how the detergent cartel would set price and output.
b) do you think this laundry detergent cartel with P&G and Lever will be stable for the next 5 years?
c)In March 2014 the Pur