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Loraine Loraine
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8 years ago
A cartel is
A) a market structure with a small number of large firms.
B) a market structure with a large number of small firms.
C) a group of firms acting together to raise price, decrease output, and increase economic profit.
D) a market with only two firms.
E) another name for an oligopoly.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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8 years ago
You make an excellent tutor!
big_larry_samp
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Yesterday
Correct Slight Smile TY
Mkersey12
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2 hours ago
Smart ... Thanks!
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