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JisselFlores JisselFlores
wrote...
Posts: 478
5 years ago
Which of the following is LEAST likely to be an outcome of a cartel as compared to the situation before the cartel was formed?

• Cartel members charge higher prices.

• Cartel members make fewer profits.

• Cartel members do not compete with each other in pricing decisions.

• Cartel members reduce production.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 22 times
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Replies
wrote...
5 years ago
Cartel members make fewer profits.
JisselFlores Author
wrote...
5 years ago
TY
wrote...
5 years ago
Welcome Slight Smile
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