The industry as a whole is loss making

Each individual firm profit maximizes

There may be an incentive to cheat

There is no need to police agreements

In cartels ? – McqOptions

1.	In cartels ?
A.	Each individual firm profit maximizes
B.	There may be an incentive to cheat
C.	The industry as a whole is loss making
D.	There is no need to police agreements
Answer» C. The industry as a whole is loss making

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