Maximizing Industry profits with Cartels.wmv

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Uploaded by on Nov 3, 2010

From TLEN 5010 with Martin Taschdjian. The cartel is a scheme for maximizing industry profits, but by fixing the price, it requires some participating firms to earn less for the good of the cartel as a whole. OPEC is given as an example. Please see http://cuengineeringonline.colorado.edu/coursedb/view-course/218 for more information

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