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Cartel agreements tend to be unstable because

Cartel agreements tend to be unstable because


[A]Cartel agreements tend to lower profits
[B]A firm can increase its profits by cheating on the agreement
[C]Agreements become unnecessary as the number of firms in the cartel increases
[D]Cutting output and raising prices will benefit each firm in the cartel

Jan 10 2018 View more View Less

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