In an Oligopoly, Producers' Agreements to Restrict Output Tend to Be

question 11

Multiple Choice

In an oligopoly, producers' agreements to restrict output tend to be unstable because each firm has an incentive to

• A)produce more than its output quota.
• B)lower both its price and its output.
• C)raise its price above the cooperative price.
• D)establish competitive price and output levels.

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