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Material Detail

Cartels and Competition

Cartels and Competition

This simulations uses production decisions to demonstrate for students that: Incentives matter, Increases in supply lead to reductions in price, Cartels increase their profits and market prices by restricting production, and the Desire for profit undermines cartel agreements. Instructions for the simulation are provided as well as worksheets and materials for students.... Show More
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Material Type:
Simulation
Date Added to MERLOT:
December 14, 2000
Date Modified in MERLOT:
June 12, 2018
Author:
 
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
No
Accessibility Information Available:
Unknown
Creative Commons:
No

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