Economics A-Level
Cartels
What Cartels means in Economics A-Level, as defined for AQA.
Definition of Cartels
Check what you remember
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Reference: AQA
Formal price agreements through which firms collude overtly, restricting output and fixing prices to maximise joint industry profits.
Topics that use Cartels
- Oligopoly (AQA A-Level)
Related terms
- Barriers to entry
- Cartel
- Collusion
- Concentration ratio
- Concentration ratios
- Cooperation
- Dynamic efficiency
- Firm behaviour
Using Cartels in the exam
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