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Business, 30.06.2021 01:00 jaksenpounders

Gary's Gas and Frank's Fuel are the only two providers of gasoline in their small town. Gary and Frank decide to form a cartel to raise the price of gasoline. The total industry profits are highest when , and Gary's profits are highest when . Group of answer choices both Gary and Frank cheat on the agreement; both Gary and Frank cheat on the agreement both firms cheat on the agreement; Gary cheats on the agreement and Frank does not cheat neither firm cheats on the agreement; Gary cheats on the agreement and Frank does not cheat neither firm cheats on the agreement; neither firm cheats on the agreement

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