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Loraine Loraine
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8 years ago
A cartel is
A) a group of firms selling identical products but at slightly different prices.
B) an agreement among firms to limit output, raise prices, and increase economic profit.
C) the automobile producing industry.
D) the only firm selling a particular product.
E) an illegal agreement among firms which most often arises in monopolistically competitive markets.
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
Just got PERFECT on my quiz
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Correct Slight Smile TY
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