If the firms in an oligopolistic industry can establish an effective cartel, the resulting output and price will approximate those of

Name: If the firms in an oligopolistic industry can establish an effective cartel, the resulting output and price will approximate those of
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When firms in an oligopolistic industry form an effective cartel, they act collectively as a single monopolist, setting production levels and prices to maximize joint profits, similar to the behavior of a pure monopoly.

If the Firms in an Oligopolistic Industry Can Establish an Effective