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Which of the following is a result of each oligopolist caring about its own profit rather than the collective profit of all the oligopolists? Select

Which of the following is a result of each oligopolist caring about its own profit rather than the collective profit of all the oligopolists?

Select one:

a.Collusion is necessary.

b.Society is worse off.

c.They have incentives to cheat.

d.Each firm's profit ends up being zero.

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