Cartels usually breakdown because of what? Cartels can only be effectively run if they use Game Theory software. They can't control the supply of the good or service. They can't control the market price. • Usually there is one greedy firm in the cartel that will break the cartel agreement and sell at a lower price to grab as much market share as they can.

Cartels usually breakdown because of what? Cartels can only be effectively run if they use Game Theory software. They can't control the supply of the good or service. They can't control the market price. • Usually there is one greedy firm in the cartel that will break the cartel agreement and sell at a lower price to grab as much market share as they can.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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