As a profit-maximizing cartel,the Organization of Petroleum Exporting Countries would produce a greater output and charge a lower price than what would occur in a competitive market.

Name: As a profit-maximizing cartel,the Organization of Petroleum Exporting Countries would produce a greater output and charge a lower price than what would occur in a competitive market.
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A profit-maximizing cartel restricts output and raises prices above the competitive level to increase profits.

As a Profit-Maximizing Cartel,the Organization of Petroleum Exporting Countries Would