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    Microeconomics Study Set 51
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    Exam 11: Monopolistic Competition, Oligopoly, and Game Theory
  5. Question
    The Major Economic Objective of Cartels Is to
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The Major Economic Objective of Cartels Is to

Question 1

Question 1

Multiple Choice

The major economic objective of cartels is to


A) impose their political will on others.
B) restrict output, push up price, and increase profits.
C) reduce costs.
D) develop new ways of doing things.

Correct Answer:

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