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    Exam 14: Trade Policies for Developing Countries
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    For a Cartel Behaving Like a Pure Monopoly, Equating Marginal
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For a Cartel Behaving Like a Pure Monopoly, Equating Marginal

Question 59

Question 59

True/False

For a cartel behaving like a pure monopoly, equating marginal revenue to marginal cost maximizes profit over and above the perfectly competitive profit.

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