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If an oligopolist is part of a cartel that is collectively producing at the monopoly level of output, then the oligopolist, being self-interested, will: Select
If an oligopolist is part of a cartel that is collectively producing at the monopoly level of output, then the oligopolist, being self-interested, will:
Select one:
a. increase production and push prices down
b. lower production and drive up prices
c. do nothing, thus allowing the cartel to realise monopoly profits
d. do none of the above
You gave me D before and it was wrong, can you review
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