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    Exam 26: Oligopoly and Strategic Behavior
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    An Association of Producers in an Industry That Agree to Set
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An Association of Producers in an Industry That Agree to Set

Question 56

Question 56

Multiple Choice

An association of producers in an industry that agree to set common prices and output quotas to prevent competition is


A) a tariff.
B) a patent.
C) economies of scale.
D) a cartel.

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