The two tendencies of a firm in a cartel are the incentive to:
A. cheat to maximize joint profits and the incentive to raise prices.
B. cheat and avoid collusion and the incentive to raise price to maximize the firm's share of profits.
C. increase output in order to minimize per-unit cost and the incentive to reduce price in order to maximize joint profit.
D. cooperate to maximize joint profits and to cheat on the agreement in order to increase the firm's share of the profit.
Answer: D
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Indicate whether the statement is true or false
Why might Congress benefit from the Fed being self-financed?
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Which of the following has been a century-long trend in the United States?
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