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Title: If the firms of an industry form a cartel, their goal is to Post by: mooncalled on Oct 1, 2023 If the firms of an industry form a cartel, their goal is to ▸ collectively increase output and thereby earn higher profits. ▸ cut back on output and raise the price of their product to earn higher profits. ▸ maintain a constant level of output, but increase price to earn higher profits. ▸ maintain a constant price level, but increase output to earn higher profits. Title: Re: If the firms of an industry form a cartel, their goal is to Post by: ndedrick on Oct 1, 2023 Content hidden
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