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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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This note was uploaded on 11/26/2011 for the course EC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10