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shbensonjr shbensonjr
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A year ago
Suppose all of the firms in a perfectly competitive industry form a cartel and agree to restrict output, thereby raising the price of the product. Individual Firm A will gain the most from the existence of the cartel if

▸ all firms revert back to their competitive outputs.

▸ all firms, except Firm A, cooperate and restrict output.

▸ Firm A restricts output, while the other firms do not.

▸ all firms, including A, cooperate and restrict output.

▸ no firms restrict output.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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kamarie3kamarie3
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A year ago
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