Question: 8. The basic objective of a cartel is to a. Maximize profit for the largest, most powerful members. b. Negotiate the division of the cartel's

8. The basic objective of a cartel is to

a. Maximize profit for the largest, most powerful members.

b. Negotiate the division of the cartel's profit.

c. Produce the highest output level possible.

d. Maximize the cartel's collective profit.

e. Price discriminate.

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