To Increase Their Individual Profits, Members of a Cartel Have

question 454

Multiple Choice

To increase their individual profits, members of a cartel have an incentive to

• A)charge a higher price than the other members of the cartel.
• B)increase production above the level agreed upon.
• C)ignore the choices made by the other firms and act as a monopolist.
• D)charge the same price a monopolist would charge.

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