Take a look back at the data regarding the inkjet- printer industry in Problem 26-2, and answer
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Take a look back at the data regarding the inkjet- printer industry in Problem 26-2, and answer the following questions.
a. Suppose that consumer demands for inkjet printers, the prices of which are readily observable in office supply outlets and at Internet sites, are growing at a stable pace. Discuss whether circumstances are favorable to an effort by firms in this industry to form a cartel.
b. If the firms successfully establish a cartel, why will there naturally be pressures for the cartel to break down, either from within or from outside?
Problem 26-2
The second table shows recent worldwide market shares of producers of inkjet printers.
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