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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