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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
A cartel is a group of firms
A) acting separately to limit output, lower price, and decrease economic profit.
B) acting together to limit output, raise price, and increase economic profit.
C) legally fixing prices.
D) acting together to erect barriers to entry.
E) that compete primarily with each other rather than the other firms in the market.
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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9 years ago
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Loraine Author
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9 years ago
Good timing, thanks!
Kstan109
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Yesterday
Brilliant ツ
decibul
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2 hours ago
this is exactly what I needed
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