2. If firms in oligopoly form a cartel, it will likely break down because . A. firms...

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2. If firms in oligopoly form a cartel, it will likely break down because .

A. firms cannot agree on how to share the economic profit B. the price set by the cartel is too low C. with price exceeding marginal cost, a firm might expand production to increase its profit D. firms realize that their allocation of resources is inefficient

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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