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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Cartels rarely succeed for long because they find it difficult to
A) avoid losing the advantages from economics of scale.
B) keep marginal costs high and marginal revenue low.
C) keep members from offering discounts and new firms from entering.
D) keep members from reducing output below the optimal level.
E) prevent average cost from falling below marginal cost.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
Don't mention it Happy Dummy
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