Describe how drug cartels are able to recruit new members when their members are murdered. Describe also how the concept of drug cartels' corporate social responsibility makes it difficult to control drug trafficking in Latin American countries Do you agree that drug cartels are actually socially responsible? If not, why not?

Q: What are monopolies and oligopolies? How do they tend to differ from businesses in a market where…

A: Both monopolies and oligopolies are the imperfectly competitive markets. The monopolies are a market…

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Q: What is a cartel? Explain the coordination problem it faces.

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Q: Describe how drug cartels are able to recruit new members when their members are murdered.

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Q: How do monopolies and oligopolies differ from perfectly competitive markets?

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