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39
Another problem with Gentlemen's agreements and Pooling arrangements is the entry of new firms into the market. How does entry effect existing colluding firms?
A new firm will charge less and earn a short-run profit until the other firms become competitive again out of necessity.
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 12.10.2010