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    Exam 16: Oligopoly Games and Strategy
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    A Cartel Is a Group of Firms Which Agree to
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A Cartel Is a Group of Firms Which Agree to

Question 56

Question 56

Multiple Choice

A cartel is a group of firms which agree to


A) increase the amount they produce.
B) raise the price of their product.
C) behave competitively.
D) lower the price of their product.

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