The diagram below shows a pharmaceutical firm's demand curve and marginal cost and marginal revenue curves for a new heart medication for which the firm holds a 20- year patent on its production.
FIGURE 10- 5
-The two characteristic problems for cartels are
A) agreeing on the price to be set and coordinating marketing policies.
B) policing members' output restrictions and preventing new entrants.
C) policing members' prices and restricting output.
D) coordinating marketing policies and policing members' quotas.
E) agreeing on the price to be set and preventing new entrants.
Correct Answer:
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