If firms in an industry form a cartel, the industry will sell a ____ quantity and charge a _

stars_and_moon

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If firms in an industry form a cartel, the industry will sell a ________ quantity and charge a _____

If firms in an industry form a cartel, the industry will sell a ________ quantity and charge a ________ price than if the firms in the industry act independently.
A) higher; lower
B) lower; higher
C) higher; higher
D) lower; lower

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kingby

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stars_and_moon Author

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8 years ago

Perfectly answered Smiling Face with Open Mouth

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kingby

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8 years ago

I instantly knew the answer when I read the question, happy to help

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