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Home Q & A Board Other Fields Homework Help Business Economics
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88Meme 88Meme
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3 years ago
When deciding on output levels, members of a cartel

▸ set their output where MR = MC.

▸ produce the same level of output as if they were in a competitive market.

▸ take into account the impact of changes on members' profits.

▸ act as if they were monopolies.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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camiladamatta6camiladamatta6
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#1
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3 years ago
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88Meme Author
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3 years ago
Thank you, thank you, thank you!
SlimyPencil
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Yesterday
this is exactly what I needed
bkrandy
wrote...

2 hours ago
Good timing, thanks!
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