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Tidy Tidy
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Posts: 4852
9 years ago
Explain why member firms of a cartel like OPEC have incentives to agree to a low cartel production level and then produce more than its quota.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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Posts: 5641
9 years ago
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8 years ago
Glad to help you, and good luck with your course.
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