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insherro insherro
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7 years ago
Assume a group of firms has formed a cartel and the cartel is in engaged in joint profit maximization. As such, each firm, acting in its own interests, has an incentive to expand production up to the point at which:
A) its marginal cost equals the marginal revenue earned by the cartel.
B) its marginal cost equals the cartel-determined price of the product being sold.
C) its marginal revenue equals the cartel's marginal costs of production.
D) its marginal cost equals the cartel-determined marginal revenue from the good being sold.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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sofreshsofresh
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#1
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7 years ago
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insherro Author
wrote...

7 years ago
Good timing, thanks!
terriroberts96
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
missnoname
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2 hours ago
Thank you, thank you, thank you!
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