Answer: Cartel
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    _________ arises when firms act together to reduce output and keep prices  high.                  
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_____  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 the monopoly  output  and sell at the monopoly  price .      
When firms act together to reduce output  and  keep prices high / When firms  agree not to compete. Each member of the oligopoly can benefit  individually from expanding  output …         
_____  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 …          
_____  arises when firms act together to reduce output  and  keep prices high . Collusion Teamwork An oligopoly A monopoly            
hace 2 dÃas  · Cartel A _____ refers to a group of  firms  colluding with one another to produce at the monopoly  output  and sell at the monopoly  price ...
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