In an Economist's View, a Cartel Usually Offers to Society

question 245

Multiple Choice

In an economist's view, a cartel usually offers to society

• A)all the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly.
• B)all the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.
• C)none of the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly.
• D)none of the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.

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