If a cartel discovers that its marginal revenue is greater than its marginal cost of production,the cartel should

Name: If a cartel discovers that its marginal revenue is greater than its marginal cost of production,the cartel should
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the marginal revenue is greater than the marginal cost of production, it means that the cartel can still make a profit by producing more. Therefore, increasing production would be the best choice for the cartel to maximize their profit.

If a Cartel Discovers That Its Marginal Revenue Is Greater