Cartel theory is usually understood as the doctrine of economic cartels. However, since the concept of 'cartel' does not have to be limited to the field of the economy, doctrines on non-economic cartels are conceivable in principle. Explain the cartel theory using an appropriate graph. Indicate the incentive for the oligopoly firms to form a cartel

Microeconomics A Contemporary Intro
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ISBN:9781285635101
Author:MCEACHERN
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Chapter10: Monopolistic Competition And Oligopoly
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Cartel theory is usually understood as the doctrine of economic cartels. However, since the concept of 'cartel' does not have to be limited to the field of the economy, doctrines on non-economic cartels are conceivable in principle.

Explain the cartel theory using an appropriate graph. Indicate the incentive for the oligopoly firms to form a cartel.

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