A cartel will maximize its profits as long as it limits industry output to the level found where the MR and MC curves intersect.

Name: A cartel will maximize its profits as long as it limits industry output to the level found where the MR and MC curves intersect.
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A cartel maximizes profits by limiting output to the level where marginal revenue (MR) equals marginal costs (MC), similar to a monopoly, as this is the profit-maximizing condition in economic theory.

A Cartel Will Maximize Its Profits as Long as It