as the number of firms (members of the cartel) increases:a. the monopoly outcome becomes more likely.b. the magnitude of the price effect decreases.c. the more concerned each seller is about its own impact on the market price.d. the easier it becomes to observe members violating their agreements.2. An agreement among firms in a market about quantities to produce or prices to charge is called:a. collusion.b. a strategic situation.c. excess capacity.d. tying.14. The best solution to the problem of welfare loss from monopoly is public ownership.a. Trueb. False15. As the number of firms in an oligopoly market:a. decreases