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    Exam 15: Oligopoly
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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 152

Question 152

Multiple Choice

A cartel is a group of firms which agree to


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

Correct Answer:

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