If two duopolists can stick to a cartel agreement to boost their prices,then both

Name: If two duopolists can stick to a cartel agreement to boost their prices,then both
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By colluding and forming a cartel agreement, the duopolists can collectively reduce their output and raise their prices, resulting in higher profits for each firm than if they had competed against each other. Therefore, they will earn greater profits than if they did not collude.

If Two Duopolists Can Stick to a Cartel Agreement to Boost