Answer:
A) Competing firms working together to fix prices and output.
B) Collusion.
C) Illegal
Explanation:
A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.
A collusion thus helps a hand full of companies to dominate the market of a particular product that they all produce. They can even form artificial barriers to entry for new firms as they control all or most of the relevant market forces.
In USA cartels are illegal as per the provision of anti-trust laws.
Hope that helps.
Answer:
C. Intellectual Stimulation
Explanation:
Intellectual Stimulation is a component of transformational leadership whereby the leader gives supports and persuades his members/followers to become innovative and creative, as well as arousing the followers critical thinking problem solving ability. Intellectual Stimulation is aimed at the leader's ability to instill innovative and creative capabilities into it's members or followers. Leaders here encourages followers to challenge themselves and those around them.
Answer:
Option C is correct one. 5575
Explanation:
Percentage change in output due to percentage change in capital
= (0.3)*(10%) = 3% So, increase in output = (3%)*(5000) = 150
Percentage change in output due to percentage change in labour
= (0.7)*(5%) = 3.5% So, increase in output = (3.5%)*(5000) = 175
Increase in output due to increase in productivity
= (5%)*(5000) = 250
So, increased output = 5000 + 150 + 175 + 250 = 5575