Cartels are difficult to maintain because
A) antitrust laws are difficult to enforce.
B) cartel agreements are conducive to monopoly outcomes.
C) there is always tension between cooperation and self-interest in a cartel.
D) firms pay little attention to the decision made by other firms.

Question

Quizplus · Accepted Answer

Cartels are difficult to maintain because individual firms have an incentive to cheat to increase their own profits, leading to tension between cooperation and self-interest.

Cartels Are Difficult to Maintain Because