To increase their individual profits, members of a cartel havean incentive to a.

ID: 1253742 • Letter: T

Question

To increase their individual profits, members of a cartel havean incentive to a.charge a higher price than the other members of thecartel b .increases production above the level agreed upon. c.ignore the choices made by the other firms and act as amonopolist. d.charge the same price a monopolist would charge. To increase their individual profits, members of a cartel havean incentive to a.charge a higher price than the other members of thecartel b .increases production above the level agreed upon. c.ignore the choices made by the other firms and act as amonopolist. d.charge the same price a monopolist would charge.

Explanation / Answer

B. increases the production above the level agreed upon.

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To increase their individual profits, members of a cartel havean incentive to a.

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