A cartel usually has a collusive agreement to
A) restrict output.
B) boost output.
C) lower the price.
D) increase the number of firms in the industry.

Name: A cartel usually has a collusive agreement to A) restrict output. B) boost output. C) lower the price. D) increase the number of firms in the industry.
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Question

Quizplus · Accepted Answer

A cartel typically restricts output to raise prices and maximize joint profits among the member firms.

A Cartel Usually Has a Collusive Agreement to