The less similar firms are, the easier it is to form a cartel.
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Q29: According to the marginal principle, a monopoly
Q30: An oligopoly is an industry composed of:
A)
Q31: Because the monopolist must lower price in
Q32: Cartels are defined as:
A) a single seller
Q33: To succeed, a cartel must restrict output
Q35: Many economists argue for the passage of
Q36: The Organization of Petroleum Exporting Countries (OPEC)
Q37: Economists argue that government should not pass
Q38: Marginal revenue is defined as:
A) the change
Q39: When firms have high up-front costs, they
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