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Homework answers / question archive / If a market is organized by a cartel, we can expect: A

If a market is organized by a cartel, we can expect: A

Marketing

If a market is organized by a cartel, we can expect:

A. normal profits for all cartel firms.

B. an incentive for cartel firms to cheat on the cartel agreement.

C. profit maximization by individual firms in the cartel.

D. allocative efficiency.

E. perfectly competitive prices.

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