37. For markets characterized by oligopoly, what do we know? a. The oligopolists are best off cooperating and behaving like a monopolist. b. Collusive agreements usually will not prevail because there is temptation to cheat. Collective profits are always lower with cartel arrangements than they are without cartel C. arrangements. d. Both a and b.

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A: Last parts C and d are answered below:

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A:

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