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Question: When firms in an oligopoly successfully collude and do not cheat on a cartel agreement, they can ...

Show transcribed image text When firms in an oligopoly successfully collude and do not cheat on a cartel agreement, they can achieve long – run economic profit similar to A. monopolistic competition. B. perfect competition. C. monopoly. D. non – colluding oligopolies. E. the firms in regulated industries.

When firms in an oligopoly successfully collude and do not cheat on a cartel agreement, they can achieve long – run economic profit similar to A. monopolistic competition. B. perfect competition. C. monopoly. D. non – colluding oligopolies. E. the firms in regulated industries.