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  3. Study Set
    Managerial Economics
  4. Exam
    Exam 12: Price and Output Determination: Oligopoly
  5. Question
    In the Absence of Any Legally Binding Enforcement Mechanism,individual Cartel
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In the Absence of Any Legally Binding Enforcement Mechanism,individual Cartel

Question 15

Question 15

True/False

In the absence of any legally binding enforcement mechanism,individual cartel producers may find it advantageous to cheat on the agreements and engage in secret price concessions.

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