14. Oligopoly
One-Time Games and the Prisoner's Dilemma
Multiple Choice
Multiple ChoiceIn a cartel, the incentive to cheat is significant because
A
Each firm has an incentive to decrease its own output
B
Each firm has an incentive to raise its price
C
Each firm has an incentive to expand its output
D
Each firm's marginal cost exceeds the price that the cartel sets
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