Multiple Choice
It is difficult to maintain a cartel for a long period of time.Which one of the following is the most important reason?
A) Each firm has an incentive to collude.
B) Other firms will enter the industry.
C) Firms in the cartel will want to raise the price.
D) Consumers will eventually decide not to buy the cartel's output.
E) Each firm has an incentive to cheat.
Correct Answer:
Verified
Correct Answer:
Verified
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