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sarah963 sarah963
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6 years ago
If five firms of similar sizes join to form a cartel, then it is most likely that
A) they will charge a common, lower market price.
B) they will collectively produce less than before.
C) all five firms will earn the same profits as before.
D) all five firms as a group will have falling profits, but increased output.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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bkrandybkrandy
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6 years ago
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sarah963 Author
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#2
6 years ago
Such a godsend, you helped me and my friend big time
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