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Analysis Diagram: Price Fixing in a Cartel

Level:: A-Level

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

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This is a short revision video looking at how a cartel price and output might help to maximise joint profits and reduce uncertainty in the market but still leaves open the incentive for individual cartel members to break the agreement by secretly over-producing and under-cutting the cartel price.