In the lectures videos we identified three tasks any, Ask an Expert

Economics

In the lectures videos, we identified three tasks any collusive arrangement or cartel would need to accomplish if they were going to be successful in raising price above the competitive level for an extended period of time.

List these three tasks and describe why each task is important in the cartel’s efforts to keep price above the competitive level (that is, discuss the role each plays in getting and/or maintaining a higher than competitive price).

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