A profit-maximizing cartel should produce where

Name: A profit-maximizing cartel should produce where
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A profit-maximizing cartel, like any profit-maximizing firm, should produce where marginal cost equals marginal revenue. This is the fundamental condition for profit maximization in microeconomics, ensuring that the firm or cartel is producing at a level where the cost of producing one more unit is exactly equal to the revenue gained from selling that additional unit.

A Profit-Maximizing Cartel Should Produce Where