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Compared with a competitive market, a cartel as a whole will produce: more output in order to increase prices. less output in order to increase prices. less output in order to decrease prices. more output in order to decrease prices.

User Jon Preece
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Answer:

less output in order to increase prices.

Step-by-step explanation:

A cartel is basically formed by a group of independent market people, who usually supply the same type of goods, in order to dominate the market.

They usually aim to find the point where they can maximize the profit.

For this the performers of market, in order to price it more and earn more profit, increase the price, and decrease the quantity to be produced.

This results in no choice left with the buyers or consumers other than buying at higher prices.

This then results in profit for the participants forming the cartel.

User Marco Daniel
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