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Author Question: A collusive agreement to form a cartel is difficult to maintain because (Read 122 times)

plus1

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on: May 24, 2019
A collusive agreement to form a cartel is difficult to maintain because
◦ each member firm can increase its own profits by cutting its price and selling more.
◦ forming a cartel is legal but frowned upon throughout the world.
◦ supply will decrease because of the high cartel price.
◦ demanders will rebel once they realize a cartel has been formed.
◦ each firm can increase its profit if it decreases its production even more than the decrease set by the cartel.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by plus1 on May 24, 2019

scottmt

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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plus1

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Reply 2 on: May 24, 2019
Excellent

momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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