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Why Have Most Cartels Failed Despite the Fact That Firms

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Why have most cartels failed despite the fact that firms in a cartel are able to achieve higher profits?


Definitions:

Observable Behavior

Actions or reactions of an individual that can be directly seen and measured.

Psychoanalysis

A therapeutic approach originated by Sigmund Freud that seeks to explore the unconscious mind to understand and treat psychological disorders.

Psychological Laboratory

A controlled environment designed for conducting scientific research and experiments in psychology.

Leipzig

A city in eastern Germany, known for its cultural heritage, including music, and historically significant as a major center for the study of psychology.

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