Question: Prices under an ideal cartel situation will be equal: A) to monopoly prices. B)competitive prices. C)prices under monopolistic competition. D)marginal cost.
Prices under an ideal cartel situation will be equal:
A) to monopoly prices.
B)competitive prices.
C)prices under monopolistic competition.
D)marginal cost.
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The answer is a to monopoly prices In a perfect cartel the profits would be maximized ... View full answer
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