Describe a cartel and the two different types of cartels, Microeconomics

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Describe a cartel and the two different types of cartels

Problem

i. Describe a cartel and the two different types of cartels.

ii. What is price leadership? Explain the different types of price leadership, citing a real- world example in each case.

iii. Discuss the advantages and disadvantages of price leadership in an oligopoly market.

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Microeconomics: Describe a cartel and the two different types of cartels

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Microeconomics: Describe a cartel and the two different types of cartels

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