Homework answers / question archive / Cartel pricing is: a) Is more likely to be maintained when there number of firms in the cartel is large, b) Increases both price and industry output, c) Is most likely to be maintained when there is free entry into the market, d) Establishes a price equal to the marginal cost of the average firm, e) Is illegal under the terms of the Sherman Act

Cartel pricing is: a) Is more likely to be maintained when there number of firms in the cartel is large, b) Increases both price and industry output, c) Is most likely to be maintained when there is free entry into the market, d) Establishes a price equal to the marginal cost of the average firm, e) Is illegal under the terms of the Sherman Act

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Cartel pricing is:

a) Is more likely to be maintained when there number of firms in the cartel is large,

b) Increases both price and industry output,

c) Is most likely to be maintained when there is free entry into the market,

d) Establishes a price equal to the marginal cost of the average firm,

e) Is illegal under the terms of the Sherman Act.