The Market Model: Oligopoly and Monopolistic


  • Does OPEC fit the oligopoly model?  Why or why not?
  • What are the potential benefits for firms that participate in a cartel relative to firms in monopolistic competition?
  • What problems do cartels face in getting all members to cooperate?  Which specific problems are important for OPEC?


Check out the following article discussing OPEC:


Note: I want this by tonight 10.00 pm. (New York Time)