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When is a cartel least likely to be successful? when there is significant competition from non members when there are not any strong antitrust laws

When is a cartel least likely to be successful?

when there is significant competition from non members

when there are not any strong antitrust laws

when the expected gains from forming a cartel exceed thepotential punishment

when the cost of establishing and enforcing the cartel agreementare relatively low compared to the gains.

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