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True or False: A cartel will put an end to price wars, which is a barbaric form of competition that benefits no one. True, because
True or False: A cartel will put an end to price wars, which is a barbaric form of competition that benefits no one. True, because price wars hurt only firms, whereas a cartel makes everyone better off. True, because price wars benefit only consumers, whereas a cartel makes everyone better off. False, because price wars hurt only consumers but benefit firms. False, because price wars benefit consumers but hurts firms in terms of loss of profits
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