Buscar
Estás en modo de exploración. debe iniciar sesión para usar MEMORY

   Inicia sesión para empezar


Por supuesto:

Industrial Organisation 2022

» Iniciar este curso
(Practica preguntas similares gratis)
Pregunta:

What are the effects of cartels on economic welfare

Autor: Hjalmer Pedersen



Respuesta:

The buyers pay a higher price  consumer surplus goes to producer surplus  Dead weight loss is created also as the price is higher than marginal cost. Hence, cartels reduce overall welfare and creates inefficient allocation of resources as we produce at lower MC than price (same issue as with monopoly).


0 / 5  (0 calificaciones)

1 answer(s) in total