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Complete the following 3 parts for microeconomics section j (attached... highlighted answers are just my thoughts, not necessarily correct) Question 39 [2 points) Saved u

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"Complete the following 3 parts for microeconomics section j" (attached... highlighted answers are just my thoughts, not necessarily correct)

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Question 39 [2 points) Saved u Collusion in oligepol}r is difficult to maintain in the long run because: I. I: :1 it is more profitable for the industry to charge a loner price and produce more output. a 2' ': :3' they are illegal in all countries. \\ I: 3: entry barriers are insignicant in oligopolistic industries. {in individual members may find it profitable to cheat on agreements

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