In order to be successful, a cartel must - 9055

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Request Description

In order to be successful, a cartel must

a. find a way to encourage members to produce more than they would otherwise produce.

b. agree on the total level of production for the cartel, but they need not agree on the amount produced

by each member.

c. agree on the total level of production and on the amount produced by each member.

d. agree on the prices charged by each member, but they need not agree on amounts produced.

 
Solution Description

In order to be successful, a cartel must