In markets characterized by oligopoly, Answer the oligopolists earn the highest

Question

In markets characterized by oligopoly, Answer the oligopolists earn the highest profit when they cooperate and behave like a monopolist. collusive agreements will always prevail. collective profits are always lower with cartel arrangements than they are without cartel arrangements. pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market. In markets characterized by oligopoly, In markets characterized by oligopoly, the oligopolists earn the highest profit when they cooperate and behave like a monopolist. collusive agreements will always prevail. collective profits are always lower with cartel arrangements than they are without cartel arrangements. pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market. the oligopolists earn the highest profit when they cooperate and behave like a monopolist. collusive agreements will always prevail. collective profits are always lower with cartel arrangements than they are without cartel arrangements. pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market.

Explanation / Answer

collective profits are always lower with cartel arrangements than they are without cartel arrangements.

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