The basic problem of a shared monopoly from the point of view of those involved is that
A)Profits are lower than in the other oligopoly models
B)The shared output is too high for the high price to be maintained
C)Collusive agreements are difficult to sustain
D)Revenue is lower than in the other oligopoly models

Question

Quizplus · Accepted Answer

Collusive agreements are difficult to sustain because firms have an incentive to cheat to increase their individual profits, leading to potential breakdowns in cooperation.

The Basic Problem of a Shared Monopoly from the Point