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Presentation on Collusion and Cartel
1.
2. When firms in an Oligopoly actively corporate with each other, they
engage in collusion.
It acts like a Monopoly.
Cement Industry (2010)
A cartel is an organization of independent firms, producing similar
products, that work together to raise prices a restrict output.
Today it is strictly illegal in US except few exception.
Dairy Crest and Wiseman Dairies(2002-03)