Why cartels fall apart Suppose that three firms make up the entire LCD televisio

Question

Why cartels fall apart Suppose that three firms make up the entire LCD television manufacturing industry, and they have been enjoying high profits through a cartel agreement. Which of the following may cause their cartel to fall apart? Check all that apply. The three firms in the cartel have very different average cost curves. Barriers to entry in the LCD television manufacturing industry are particularly high. The three firms in the cartel control a resource necessary to make LCD television manufacturing. The owner of one of the firms in the cartel plans to retire and close her firm.

Explanation / Answer

A and D

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