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Economic profits di… Show more A reason why it is difficul

Paper help Economics Economic profits di… Show more A reason why it is difficul

Economics

Economic profits di… Show more A reason why it is difficul

Economic profits di… Show more A reason why it is difficult for producers to maintain a cartel is that? Economic profits discourage other producers from entering the industry The elasticity of demand for the cartel’s output decreases over time Producers in the cartel have the motivation to lower price but not to raise price Producers in the cartel have the economic incentive to cheat • Show less

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