Cartel agreements tend to break down

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Reference no: EM131160290

Cartel agreements tend to break down:

a. During economic downturns. b. Because of price "chiseling" by one or more members c. When there is over-capacity in the industry. d. Because of all of the above.

Dominant price leadership tends to break down:

a. As markets grow and new firms enter the industry. b. As technology changes. c. When the dominant firm decides to make the industry more competitive. d. Both a. and b. above.

Reference no: EM131160290

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