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7. Under which of the following circumstances is collusion likely to break down? (a) There is a reduction in barriers to international trade. Yes/No (b)

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7. Under which of the following circumstances is collusion likely to break down? (a) There is a reduction in barriers to international trade. Yes/No (b) The market becomes more stable. Yes/No (c) One of the firms develops a new cost-saving technique. Yes/No (d) One of the firms becomes dominant in the industry. Yes/No (e ) The number of firms in the industry decreases. Yes/No

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