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Cartel Equilibrium

Cartel Equilibrium - and marginal revenue curves of a...

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Cartel Equilibrium: Cartel is a monopoly organization. Equilibrium under Cartel and monopoly is identical in nature. Cartel equilibrium has been represented in Figure 48. Average and marginal cost curves are similar to that of the monopolist. Similarly average
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Unformatted text preview: and marginal revenue curves of a Cartel are downward sloping like those of a monopolist. The cartel attains equilibrium at point e with MR = MC where quantity sold is Q and price charged is P. The profits of the cartel are of the Size CSRP....
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