Economics A-Level
Cartel
What Cartel means in Economics A-Level, as defined for AQA.
Definition of Cartel
Check what you remember
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Reference: AQA
A group of colluding firms that sets industry output where marginal cost equals marginal revenue, maximising joint profits.
Topics that use Cartel
- Oligopoly (AQA A-Level)
Related terms
- Barriers to entry
- Cartels
- Collusion
- Concentration ratio
- Concentration ratios
- Cooperation
- Dynamic efficiency
- Firm behaviour
Using Cartel in the exam
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