a) Why do we study cartels if they are illegal in the United States? b) Why are

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a) Why do we study cartels if they are illegal in the United States?

b) Why are cartels unstable and why do they often fail?

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Business Ethics Now

ISBN: 978-0073524696

3rd edition

Authors: Dr. Andrew Ghillyer

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Posted Date: Feb 06, 2019 10:30 AM

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a) Why do we study cartels if they are illegal in the United States? b) Why are

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Expert Answer:

a Cartels can increase profits by restrictingoutput from competitive levelsCartels are not necessarily the opposite of liberalism andcompetition but a ... View the full answer

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