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Author Question: One of the reasons cartels are considered unstable is that (Read 11 times)

najmarocks25

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on: Oct 12, 2022
One of the reasons cartels are considered unstable is that
◦ individual members of the cartel have an incentive to violate the cartel agreement.
◦ it is inefficient to manage individual firms collectively.
◦ there are wide fluctuations in price as cartel members vary their output.
◦ consumers seek out substitutes to the cartel product.
◦ member firms reduce their investment, thereby becoming uncompetitive over time.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by najmarocks25 on Oct 12, 2022

my33251

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Reply #1 on: Oct 12, 2022
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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najmarocks25

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Reply 2 on: Oct 12, 2022
:D TYSM

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Reply 3 on: Yesterday
Excellent

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