[Answer] _________ arises when firms act together to reduce output and keep prices high.

Answer: Cartel

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_________ arises when firms act together to reduce output and keep prices high. _____ arises when firms act together to reduce output and keep prices high. Cartel A _________ refers to a group of firms colluding with one another to produce at … _____ arises when firms act together to reduce output and keep prices high. Collusion A _________ refers to a group of firms colluding with one another to produce at … _____ arises when firms act together to reduce output and keep prices high . a cartel The perceived demand curve for a group of competing oligopoly firms will appear kinked as a result of their commitment to _________. If the firm is producing at a quantity of output where marginal revenue exceeds marginal cost then -the firm's perceived demand will shift to the left.-the firm should keep expanding production until MR = MC .-each marginal unit adds profit by bringing in less revenue than its … 5 days ago · _____ arises when firms act together to reduce output and keep prices high . asked 7 minutes ago in Economics by RedLancer. A. An oligopoly B. Collusion C. A cartel D. A monopoly. microeconomics; 0 Answer. 0 votes. answered 5 minutes ago ...

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