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Ceteris paribus, what would happen to a standard collusive agreement under oligopoly given each of the following situations?For each scenario, write either strengthen or weaken.
Ceteris paribus, what would happen to a standard collusive agreement under oligopoly given each of the following situations?For each scenario, write either "strengthen" or "weaken".
a)there are no punishment mechanisms in place for firms that cheat on the agreement
b)each firm produces a homogeneous product
c)each firm has an identical cost structure
d)there is a very large number of firms in the agreement
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