Which economic models on collusion describe collusion

Reference no: EM133425807

Question: Discuss with a partner whether opening a GS text with some statistics is possible in your field of study. Why are such openings potentially interesting for readers? Now look at this GS opening from a student paper in Economics and answer the questions on page 65. oBetween 1992 and 1995, an international lysine cartel that included five companies illegally colluded on prices around the world. CD Lysine is an amino acid used as a feed additive for enhancing muscle growth in livestock. 0 Prior to the collusive agreement, worldwide sales of lysine were over $600 million annually and this figure increased by $200 million following the price-fixing arrangement. MICUSP File ECO.GO.02.2 ,......-- 2: GENERAL-SPECIFIC/SPECIFIC-G ENERAL TEXTS 65 1. What message is the author tryiug to convey in the first three sentences? 2. The purpose of this paper was to examine the extent to which economic models on collusion describe collusion in the lysine industry. Do you think this is an effective opening? Why or why not? 3. What is the purpose of Sentence 2? How important is this sentence?

Reference no: EM133425807

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