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sam3359 sam3359
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A year ago
The cartelization of an industry with a homogeneous product usually means that

▸ member firms have agreed to reduce their joint output.

▸ the demand curve facing the industry must be elastic.

▸ member firms have agreed to reduce investment.

▸ the demand curve facing the industry must be linear.

▸ member firms have agreed to cooperate in reducing costs.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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packar11packar11
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A year ago
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