Business, 25.02.2020 22:16 sabrinakholikov

The likelihood of a cartel being successful is greater when

a. firms are producing a differentiated, rather than a homogeneous, product.
b. the number of firms involved is relatively large.
c. cost and demand curves of various participants are very similar.
d. the economy is in the recession phase of the business cycle.

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The likelihood of a cartel being successful is greater when

a. firms are producing a di...