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The key behavioral assumption of the cartel theory is that oligopolists in the industry act as if

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The key behavioral assumption of the cartel theory is that oligopolists in the industry act as if

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all firms in the industry are the same size.

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all firms in the industry are price takers.

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there is a dominant firm in the industry and many fringe firms.

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there is only one firm in the industry.

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none of the above

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Economics

Edition: 12^th

Author: Arnold

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More solutions for this book are available here

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