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In markets characterized by oligopoly, A. collective profits are always lower with cartel arrangements than they are without cartel arrangements. B. pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market. C. the oligopolists earn the highest profit when they cooperate and behave like a monopolist. D. collusive agreements will always prevail.
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In markets characterized by oligopoly, A. collective profits are always lower with cartel arrangemen...
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