A cartel is difficult to maintain for which of the following reasons? A. Consumers substitute away from the good when the price increases. B. Individual cartel members are tempted to cheat on the agreement. C. Although the total gain to cartel members is positive, all members lose when everyone sticks to the agreement. D. The Justice Department only allows cartels to exist if nobody gets hurt. E. Some firms will reduce output in an effort to lower costs of production.
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Home » Business » A cartel is difficult to maintain for which of the following reasons? A. Consumers substitute away from the good when the price increases. B. Individual cartel members are tempted to cheat on the agreement. C.