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An important feature of a cartel is that?
Question 1
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An important feature of a cartel is that?
members do not reduce price below the cartel price
each member has a fixed output above which it is not expected to produce
a powerful member fixes the price at which others will sell
membes fix the prices for their products
Answer Details
Read lesson note on Market Structure (JAMB)
Read lesson note on Economics As A Science (JAMB)
Market Structure
Economics As A Science
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