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In an oligopoly market, firms do not produce identical product. Group of answer choices True FalseThe Gulf Cartel and Sinaloa Cartel are the two major
In an oligopoly market, firms do not produce identical product. Group of answer choices True FalseThe Gulf Cartel and Sinaloa Cartel are the two major cartels in illegal drug trade in Mexico. Although, each of these cartels are better off sharing the market, they have an incentive to try to take the entire market. In which of the following ways is cheating among these cartel members dealt with in this region? Group of answer choices Through restrictions on the supply of inputs used by the firms Through legally enforceable contracts Through government taxation policy Through output quota and price ceiling Through violence and drug wars
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