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If oligopolists can form a cartel, their profit-maximizing action is to A. Act like a monopolist with a number of plants or divisions, each of

If oligopolists can form a cartel, their profit-maximizing action is to

A. Act like a monopolist with a number of plants or divisions, each of which is a number of firm.

B. Have only the most efficient firm undertake production.

C. Produce at minimum average cost.

D. Allocate sales among the cartel members so that the average cost of each firm is the same.

E. Dramatically increase production.

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