Suppose a cartel collapses.The firms resume individual rather than collusive production.This outcome:
A)may or may not be desirable for society as a whole
B)is not a concern because collusion is not a dominant strategy
C)is worse for society because profits for the firms will be lower
D)is desirable for society as a whole

Question

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The Answer of Suppose a cartel collapses.The firms resume individual rather than collusive production.This outcome:
A)may or may not be desirable for society as a whole
B)is not a concern because collusion is not a dominant strategy
C)is worse for society because profits for the firms will be lower
D)is desirable for society as a whole

Suppose a Cartel Collapses