Why has the OPEC oil cartel succeeded in raising prices substantially while the CIPEC copper cartel has

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Why has the OPEC oil cartel succeeded in raising prices substantially while the CIPEC copper cartel has not? What conditions are necessary for successful cartelization? What organizational problems must a cartel overcome?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:29 AM

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Why has the OPEC oil cartel succeeded in raising prices substantially while the CIPEC copper cartel has

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Successful cartelization requires two characterist...View the full answer

Microeconomics

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