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3. 10 $ ACMC D MR 0 200 500 Figure shows the market for a successful price-fixing arrangement (cartel) between two identical firms. When the

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3. 10 $ ACMC D MR 0 200 500 Figure shows the market for a successful price-fixing arrangement (cartel) between two identical firms. When the two firms act like one and charge the same price (2 Marks) a. What will be the market price? b. How much each firm will produce and sell quantity

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