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      Question

      When oligopolistic firms co-operate and work as cartel,

      then output produced is ______ than perfect competition and ______ to Monopoly
      A Less, less Correct Answer Incorrect Answer
      B Less, equal Correct Answer Incorrect Answer
      C Less, More Correct Answer Incorrect Answer
      D More, equal Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      When oligopolistic firms co-operate and work as cartel, then output produced is less than perfect competition and equal to Monopoly.

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