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The goal of a cartel is toA) increase competition among members.B) maximize industry profits.C) increase industry production.D) all of the above.

User Rocquel
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Answer: The goal of a cartel is to maximize industry profits

A cartel is a abstraction of seemingly independent producers whose goal is to increase their agglomerated profits by instrumentation of price fixing, limiting the supply, and other constraining activity. They typically control selling prices, but some are arranged to force down the prices of option.

Therefore, the correct option in this case is (b)

User Valadil
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