McqMate
| Q. |
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» B. there may be an incentive to cheat | |
View all MCQs in
MicroEconomics, Theory and Applications 1No comments yet