What is the result of the cartel

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The South American cocaine industry consists of several "families" that obtain the raw material, refine it, and then ship it to the United States. It is not a difficult business to enter, particularly on the retail end where drug dealers sell the drug to consumers in the United States. What would you predict would happen to the economic profits of the drug dealer? Suppose the families in South America form a cartel. What is the result of the cartel?

Reference no: EM131347390

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