One of the reasons that collusive oligopolies are usually short lived is that a. they are unable
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One of the reasons that collusive oligopolies are usually short lived is that
a. they are unable to earn economic profits in the long run.
b. they do not set prices where marginal cost equals marginal revenue.
c. they set prices below long-run average total costs.
d. parties to the collusion often cheat on one another.
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