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Monopolists and Cartels make the same pricing and output decisions. (8) a. Do you agree with this statement? Explain fully. b. Are there differences in

Monopolists and Cartels make the same pricing and output decisions." (8) a. Do you agree with this statement? Explain fully. b. Are there differences in the stability of these decisions in monopolies and cartels? Explain fully. c. How can cartels increase their stability? Explain fully.

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