Economy, asked by RehanAhmadXLX8420, 11 months ago

Does a firm have an incentive to raise prices above the level set by the cartel

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Answered by Anonymous
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Oligopolies and monopolies frequently maintain their position of dominance in a market might because it is too costly or difficult for potential rivals to enter the market. These hurdles are called barriers to entry and the incumbent can erect them deliberately, or they can exploit natural barriers that exist.

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