Instructional Video

Khan Academy: Why Parties to Cartels Cheat

Curated by ACT

In this video, Khan Academy explores a conflict that duopolists (and other oligopolies) face: there is a tension between cooperating and forming a cartel or cheating on that cartel once it is formed. [11:18]

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Concepts
demand curve
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Additional Tags
duopoly, marginal cost, marginal revenue, market competition, market demand, khan academy, khan academy: why parties to cartels cheat, monopoly, cartel
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Classroom Considerations
  • Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional