Assignment:
Would it be easier to form a cartel in a market with many producers or one with very few producers?
What market structure does a cartel have?
What four conditions would reduce cheating in a cartel?
Why do cartel agreements usually breakdown? Why are the inherently unstable?
If the members of your class were to attempt to form a study-reduction cartel, which individuals would have the greatest to gain from the cartel: those who study little or those who study long and hard? Which ones would have the greatest incentive to cheat on the cartel?
Integrated throughout the entire paper the SLU core value of Responsible Stewarship.
A minimum of 3 reference are required. One can be the required textbook for the course. economics today edition 19th by miller