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Ruweyda97 Ruweyda97
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6 years ago
When oligopolistic firms in an industry form a cartel, then it is most likely that
A) both industry output and prices will increase.
B) both industry output and prices will decrease.
C) industry output will increase while prices will decrease.
D) industry output will decrease while prices will increase.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jcarterjcarter
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#1
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6 years ago
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Ruweyda97 Author
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#2
6 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
6 years ago
That helps more than you thinks, thanks for being so thoughtful
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