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Which of the following statements is false? On occasion, governments have helped to create and maintain cartels. Once a cartel agreement has been made, cartel
Which of the following statements is false? On occasion, governments have helped to create and maintain cartels. Once a cartel agreement has been made, cartel members have an incentive to cheat on the agreement. A single cartel member may be better off with a cartel agreement that all members abide by (including itself) than with no cartel agreement at all. Cartels are easy to form and to maintain
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