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Usually, we think of cheating as a bad thing. But in the chapter about oligopolies, we learned that cheating turns out to be a very good thing in some important cases.
a. Who gets the benefit when a cartel collapses through cheating: consumers or producers?
b. Does this benefit show up in a lower price, a higher quantity, or both?
c. How does cheating affect consumer surplus, producer surplus, and total gains from trade?
d. So, is cheating good for cheaters or good for other people?
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