Cartel agreements tend to break down:
a. During economic downturns. b. Because of price "chiseling" by one or more members c. When there is over-capacity in the industry. d. Because of all of the above.
Dominant price leadership tends to break down:
a. As markets grow and new firms enter the industry. b. As technology changes. c. When the dominant firm decides to make the industry more competitive. d. Both a. and b. above.