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If oligopolistic firms banded together with the intention of acting like a monopoly, it would likely result in their being able to divide up the
If oligopolistic firms banded together with the intention of acting like a monopoly, it would likely result in their being able to
divide up the monopoly level of profit amongst themselves. | ||
hold down output in the short-run. | ||
charge a higher price in the short-run. | ||
both b and c above are correct. |
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