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Chapter 13 Cartels, Games and Network Goods

Chapter 13 Cartels, Games and Network Goods. Cartels and Games. A Cartel is a group of suppliers that tries to act as if they were a monopoly. The goal of these suppliers is to coordinate in order to reduce supply, raise prices, and increase profits. Cartels and Games.

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OLIGOPOLY

OLIGOPOLY. Market in which there are few firms, so individual firms can affect market price. Interdependence of firms is an important characteristic. The demand curves for the individual firms are dependent on the pricing and marketing decisions of competitors.

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157 views • 15 slides

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Chapter 13 Cartels, Games and Network Goods

OLIGOPOLY