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    International Economics Study Set 1
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    Exam 7: Trade Policies for the Developing Nations
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    When Cartel Members Agree to Restrict Output to Increase the Price
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When Cartel Members Agree to Restrict Output to Increase the Price

Question 68

Question 68

True/False

When cartel members agree to restrict output to increase the price of their product,a single member of the cartel has an economic incentive to violate the agreement by increasing its output so as to increase profits.

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