Key Diagrams - Price Collusion in a Cartel (Oligopoly)
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The existence of price rigidity in an oligopolistic market can encourage firms to collude. This video examines the causes of business collusion, the creation of cartels and how this can be represented diagrammatically. This video is part of a free online lesson that guides A-Level Economics and IB Economics students through everything they need to know about oligopoly. This online lesson also includes some great revision activities and exam-style questions. Access the online lesson here >>> http
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