What will happen to price and output in the market

Reference no: EM13697576

1- Etisalat and Du are Telecommunication company’s duopolists. If they form a cartel between themselves, then what will happen to price and output in the market? Discuss your answer with a relevant diagram

2- If Ministry of labor sets up a minimum wage in the labor market, what can be the potential effect on the employment? Explain your answer with help of relevant diagram.

Reference no: EM13697576

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