Homework answers / question archive / What are Cartel and Collusion, and how do they form to determine price and output combination? What are the impacts of practicing cartel and collusion? Give a real-world example in your responses

What are Cartel and Collusion, and how do they form to determine price and output combination? What are the impacts of practicing cartel and collusion? Give a real-world example in your responses

Economics

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What are Cartel and Collusion, and how do they form to determine price and output combination? What are the impacts of practicing cartel and collusion? Give a real-world example in your responses.