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    Microeconomics Study Set 13
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    Exam 14: Oligopoly and Strategic Behavior
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    Informal Collusion to Restrict Output and Increase Prices Is Sometimes
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Informal Collusion to Restrict Output and Increase Prices Is Sometimes

Question 50

Question 50

Multiple Choice

Informal collusion to restrict output and increase prices is sometimes referred to as a


A) merger.
B) cartel.
C) tacit understanding.
D) kinked-demand oligopoly.

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