A cartel is a group of firms that attempts to
A) maximize joint revenue.
B) maximize joint profit.
C) behave independently.
D) increase consumer surplus.
B
Economics
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In Sen's view, development is an economic process that should be assessed by material output measures such as GNI per capita.
a. true b. false
Economics
When firms form a cartel in an oligopoly market, the total output is always the same as if the market were perfectly competitive
a. True b. False Indicate whether the statement is true or false
Economics