Multiple Choice
The incentive for a firm to join a cartel is
A) to be able to earn profits in the long run but not in the short run
B) to be able to earn larger profits than if it was not part of the cartel
C) to completely insulate itself from competition
D) to produce a larger amount of output than if it was not part of the cartel
Correct Answer:

Verified
Correct Answer:
Verified
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