To Be Successful, a Cartel Must

question 95

Multiple Choice

To be successful, a cartel must

• A)find a way to encourage members to produce more than they would otherwise produce.
• B)agree on the total level of production for the cartel, but they need not agree on the amount produced by each member.
• C)agree on the total level of production and on the amount produced by each member.
• D)agree on the prices charged by each member, but they need not agree on amounts produced.

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