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navik [9.2K]
2 years ago
7

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

Business
1 answer:
sdas [7]2 years 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

#SPJ4

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3 years ago
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Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depr
andriy [413]

Answer:

$11,000

Explanation:

Fabricating Department budgeted direct labor = $9,280

Depreciation remains constant at any level of production.

Budgeted labor rate = Budgeted direct labor ÷ Hours of production

                                  = $9,280 ÷ 640

                                  = $14.5 per hour

Direct labor cost = completed hours of production × Budgeted labor rate

                            = 600 × $14.5

                            = $8,700

Budget for the Fabricating Department at 600 hours of production:

Budgeted cost = Direct labor cost + Equipment depreciation

                         = $8,700 + $2,300

                         = $11,000

4 0
3 years ago
On March​ 15, Maxwell Plush sold and shipped merchandise on account for​ $6,000 to Kittson Amusement​ Park, terms FOB shipping​
a_sh-v [17]

Answer:

(a)- Its assets will​ increase, as will its equity

Explanation:

The commercial terms state FOB shipping​ point therefore the transfer succeeds once the cargo enter the port.

The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.

Account receivable(+Assets)     debit

             Sales Revenue(+Equity)           credit

8 0
3 years ago
Which food was received in the temperature danger zone
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5 0
3 years ago
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