In Markets Characterized By Oligopoly,

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In Markets Characterized By Oligopoly,

_a._the oligopolists are best off cooperating and behaving like a monopolist. _b._collusive agreements will always prevail. _c._collective profits are always lower with cartel arrangements than they are without cartel arrangements. _d._pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market.
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a._the oligopolists are best off cooperating and behaving like a monopolist.

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