a. Successful cartels usually involve a large number of firms.
b. Cartels are legal in the United States.
c. Cartel members have an incentive to cheat on cartel agreements.
d. Cartel members should each produce the Cournot level of output.
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Home » Business » Which of the following is true of cartels? a. Successful cartels usually involve a large number of firms. b. Cartels are legal in the United States. c. Cartel members have an incentive to cheat on cartel agreements. d.