1.1. Usually, we think of cheating as a bad thing.

But in this chapter, cheating turns out to be a very good thing in some important cases.

a. Who gets the benefit when a cartel collapse through cheating: consumers or producers?

b. Does this benefit usually show up in a lower price, a higher quantity, or both?

c. Does cheating increase consumer surplus, producer surplus, or both?

d. So, is cheating good for the cheaters or good for other people?