The fact that the price effect for an oligopolist is less than the price effect for a monopolist helps explain why firms are likely to cheat on a cartel agreement.False

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In an oligopoly, the price effect is less significant because the market is shared among several firms, so the impact of one firm's price change is diluted. This makes it more tempting for firms to cheat on a cartel agreement to increase their market share and profits.

The Fact That the Price Effect for an Oligopolist Is