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Figure: Competitive Market Reference: Ref 15-1 (Figure: Competitive Market)

Question 111

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Figure: Competitive Market Figure: Competitive Market Reference: Ref 15-1 (Figure: Competitive Market) Refer to the figure. If all firms in the market form a successful cartel, price and output in the market would be: A) P1 and Q1. B) P1 and Q2. C) P2 and Q1. D) P2 and Q2. Reference: Ref 15-1 (Figure: Competitive Market) Refer to the figure. If all firms in the market form a successful cartel, price and output in the market would be:


A) P1 and Q1.
B) P1 and Q2.
C) P2 and Q1.
D) P2 and Q2.

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