A reason why it is difficult for producers to maintain a cartel is that? Economi

Question

A reason why it is difficult for producers to maintain a cartel is that? Economic profits discourage other producers from entering the industry The elasticity of demand for the cartel's output decreases over time Producers in the cartel have the motivation to lower price but not to raise price Producers in the cartel have the economic incentive to cheat A reason why it is difficult for producers to maintain a cartel is that? Economic profits discourage other producers from entering the industry The elasticity of demand for the cartel's output decreases over time Producers in the cartel have the motivation to lower price but not to raise price Producers in the cartel have the economic incentive to cheat Economic profits discourage other producers from entering the industry The elasticity of demand for the cartel's output decreases over time Producers in the cartel have the motivation to lower price but not to raise price Producers in the cartel have the economic incentive to cheat Economic profits discourage other producers from entering the industry

Explanation / Answer

producers in the cartel have an economic incentive to cheat.

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