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Which makes it easier for a cartel to operate effectively over time? a.The number of substitutes for the cartel's product increases b.Demand for the cartel's
Which makes it easier for a cartel to operate effectively over time?
a.The number of substitutes for the cartel's product increases
b.Demand for the cartel's product becomes more elastic
c.Demand for the cartel's product decreases
d.Each member firm observes the pricing and output decisions of other firms in the cartel
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