Multiple Choice
All of the following are problems associated with maintaining a cartel except
A) cartels are illegal.
B) a large amount of information is needed to coordinate a cartel.
C) profits are not maximized by a cartel so it will evolve into a monopoly.
D) each member of the cartel has an incentive to "chisel" by expanding output.
Correct Answer:

Verified
Correct Answer:
Verified
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