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    International Economics Study Set 12
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    Exam 7: Trade Policies for the Developing Nations
  5. Question
    The Purpose of a Cartel Is to Support Prices Higher
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The Purpose of a Cartel Is to Support Prices Higher

Question 27

Question 27

True/False

The purpose of a cartel is to support prices higher than would occur under more competitive conditions, thus increasing the profits of cartel members.

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