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navik [9.2K]
1 year ago
7

What happens to the market outcome if cartel members cheat on the collusive agreement?

Business
1 answer:
sdas [7]1 year ago
7 0

If a single company cheats on the cartel agreement then the unmarried company can grow its profit.

A cartel agreement is a settlement between competitions with the aim of hindering or proscribing competition or creating fake competition. Cartel agreements also can exist between providers and consumers, such as an instance retail fees.

A few examples of a cartel encompass The enterprise of the Petroleum Exporting Countries (OPEC), an oil cartel whose members manage forty four% of worldwide oil production and 81.5% of the world's oil reserves.

A cartel is an illegal settlement between competition that restricts competition. Cartels are often hard to discover due to the fact the cartel members have a not unusual hobby of keeping the agreement secret.

Learn more about cartel agreement here: brainly.com/question/16147138

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An insurance policy written after 1988 that fails to pass the seven-pay test is known as
Zigmanuir [339]
The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.
3 0
3 years ago
Which of the following statements about the segment margin is not true? In preparing a segmented income statement, the variable
Trava [24]

Answer: The segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin

Explanation:

Segment margin is referred to the net profit or the net loss that a particular segment of a business makes. Segment margin is used to know segments that are performing well.

It is also used to know the long-run profitability of a particular segment as it shows the margin that is available after the cost has been covered by a segment.

Based on the above illustration, the statement that isn't true will be "the segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin".

This is false as segment margin is gotten after the traceable fixed costs of a segment has been subtracted from the contribution margin of that particular segment.

8 0
2 years ago
Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage t
Nina [5.8K]

The correct answer to this open question is the following.

Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage tables, spray tan vestibules, washers, and dryers. These items are considered commodities and pluses that improve the quality of the leasing and upgrade the facility. These are also tools to help the new operator to properly do the work and offer great client service. With all those elements, Amy can justify the amount of money she asks for the rent of the space. More items included, the higher the prize.

6 0
2 years ago
What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?
Lostsunrise [7]

Answer:

What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?

periodic evaluations

Explanation:

periodic evaluations gives room for adjust trends periodically in the advertisement plan, it ensures thorough analysis is carried out often in order to maximize profits while at the same time meets customers demand

7 0
3 years ago
A deadweight loss is a consequence of a tax on a good because the tax a. induces the government to increase its expenditures. b.
zalisa [80]

Answer:

B) induces buyers to consume less, and sellers to produce less.

Explanation:

Taxes are a necessary evil since they always increase the price of the goods and services that consumers buy and decrease the amount of money that producers receive from selling their goods and services. But taxes are necessary and unavoidable.

But once a market assumes all the effects of existing taxes it reaches an equilibrium price that both consumers and producers are satisfied with. If a new tax is levied than the deadweight losses are greater since consumer surplus and producer surplus are both reduced. This will lead to a reduction in the incentive that both consumers and producers have to engage in transactions. Many times consumers will substitute heavily taxed goods for other goods since they feel they are getting more from consuming those goods (consumer surplus). The same happens to producers, many producers will change their heavily taxed goods for other goods.

If the price elasticity of demand or supply of a certain good is large (elastic demand and supply), the deadweight loss will be greater.

7 0
3 years ago
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