Answer:
D. Earn short run economic profits
Explanation:
A cartel can be defined as a formal agreement reached (collusion) in an oligopolistic industry between two or more business firms that are saddled with the responsibility of producing goods and services in order to make price and output decisions such as price regulation, total level of output or supply, allocation of customers, market shares, territory allocation, division of profits, collusive bidding etc.
This ultimately implies that, when a group of independent firms in an oligopolistic industry collude by reaching a formal agreement to regulate supply, as well as manipulate or regulate prices, they do so to increase their profits and market dominance.
Hence, firms colluding earn short run economic profits.
Answer:
B.
Explanation:
Culture can be viewed as the collective memory of a society (shared meanings, rituals, norms and traditions among members).
Consumption choices cannot be understood without considering the cultural context in which they are made.
Culture forms the prism through which people view products and try to make sense of their own and other people’s behaviour. Importance of culture in consumer behaviour.
A cultural system consists of three functional areas.
*Ecology – the way the system is adapted to its habitat by the technology used to obtain and distribute resources.
*Social structure – they way orderly social life is maintained including domestic and political groups.
*Ideology – the mental characteristics of the people and the way they relate to their environment.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
False
Explanation:
Soft money is a donation not directly given to a candidate but to a party to be used in National Committees, but not in a federal campaigners.
It is not so regulated as the Hard Money.
Since the Supreme Court has allowed this in 2014 after being banned by legislation in 2002 (<em>Bipartisan Campaign Reform Act</em>) it is not illegal. But it has some rules.
The correct answer is reckless conduct.
Reckless conduct is the term which refers to someone's actions which deviate from what was prescribed. So, when someone does something they were not supposed to do or fails to do something they were supposed to do, that will count as reckless conduct or behavior.
