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QUESTION 14 Which of the following makes is harder to maintain a cartel? A. A large number of firms B. If the expected payoff fromcheating

QUESTION 14

Which of the following makes is harder to maintain a cartel?

A. A large number of firms

B. If the expected payoff fromcheating is less than the expected payoff from cooperating

C. If there is a high cost of entry into the market

D. Both A and B are correct

E. Both A and C are correct

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