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Kei-Fukuda Kei-Fukuda
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5 years ago
Which of the following is NOT true about a cartel?
A) Members earn economic profits.
B) Members experience large economies to scale relative to industry demand.
C) Cartels will set common prices for their members.
D) Members of a cartel will have production quotas.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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Vrocha21Vrocha21
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5 years ago
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Kei-Fukuda Author
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#2
5 years ago
White Heavy Checkmark Correct!
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