Relative to the non-cartelized market outcome,if the member of a cartel cheats and sells more than the agreed upon output:
A) the violator will not be able to sell the additional output at a price above his marginal cost.
B) the violator will make a smaller profit per unit that he sells.
C) the violator will face a more elastic demand curve for the additional output.
D) the demand curve facing the violator will be unchanged.
Correct Answer:
Verified
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