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If oligopolists engage in collusion and successfully form a

Question: If oligopolists engage in collusion and successfully form a cartel, the market outcome is

a. the same as if it were served by a monopoly.

b. the same as if it were served by competitive firms.

c. efficient because cooperation improves efficiency.

d. known as a Nash equilibrium.

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Microeconomics: If oligopolists engage in collusion and successfully form a

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