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Question 11

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Use the following to answer questions:
Figure: Demand 1 Use the following to answer questions: Figure: Demand 1 -(Figure: Demand 1) A cartel facing the market in this diagram would try to cause industry output to: A) increase from 5 to 10. B) increase from 3 to 6. C) decrease from 6 to 3. D) decrease from 5 to 2.
-(Figure: Demand 1) A cartel facing the market in this diagram would try to cause industry output to:


A) increase from 5 to 10.
B) increase from 3 to 6.
C) decrease from 6 to 3.
D) decrease from 5 to 2.

Correct Answer:

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