Usually, we think of cheating as a bad thing. But in this chapter, cheating turns out to
Question:
a. Who gets the benefit when a cartel collapses through cheating: consumers or producers?
b. Does this benefit usually show up in a lower price, a higher quantity, or both?
c. Does cheating increase consumer surplus, producer surplus, or both?
d. So, is cheating good for the cheaters or good for other people?
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