Multiple Choice
Even ideal cartels tend to be unstable because
A) firms typically prefer competition to collusion as competition,because it leads to more profits.
B) collusion leads to lowest possible overall profits in the industry.
C) oligopolistic managers are extremely risk loving.
D) firms can benefit by secretly selling more than they promised the other firms
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
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