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olga_2 [115]
2 years ago
7

Firms might be tempted to cheat on the collusive agreement because each firm could achieve multiple choice 8 increased sales. hi

gher productivity. lower costs. higher profits.
Business
1 answer:
blagie [28]2 years ago
6 0

Through price collusion, each firm would achieve higher profits.

When competing businesses agree to cooperate, such as by raising prices in order to increase profits, this is called collusion. Collusion is a strategy used by businesses to increase profits at the expense of customers and lowers market competition.

Lower consumer surplus, higher prices, and more profits for the colluding businesses are the results of collusion. It may enable oligopolists to exercise monopoly power and increase their group earnings. In an oligopoly, businesses have a strong incentive to work together.

Collusion may be a tactic used in times of unproductive economic circumstances to try and rescue the industry and save companies from going out of business, which would not be for the long-term benefit of consumers.

To learn more about collusion

brainly.com/question/15776792

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Why is your amount owed considered when determining your credit score?
ankoles [38]

Answer:

Owing cash on credit accounts doesn't really mean you're a high-hazard borrower with a low credit Score. Notwithstanding, when a high level of an individual's accessible credit is been utilized, this can show that an individual is overextended, and is bound to make late or missed installments.

The amount owed on different accounts decides 30% of the FICO score. Aside from the general amount owed, the FICO scores think about the amount claimed freely on explicit accounts. On the off chance that you utilize a noteworthy part of the credit you are qualified for, it can negatively affect the FICO scores. Be that as it may, utilizing a less amount from as far as possible allowed can give you a superior score than not utilizing the credit by any stretch of the imagination.  

3 0
3 years ago
extreme weather in new york, where the super bowl is scheduled to be played, makes people disinterested in purchasing super bowl
alexira [117]

The following scenarios would place a downward pressure on price:

  1. .The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.
  2. An outbreak of mad cow disease causes Americans to abstain from eating beef.
  3. Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets.

The following scenarios would place a downward pressure on price:

An impending unclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies

<h3>What would lead to either a upward or downward pressure on price?</h3>

There is an upward pressure on price if demand increases or supply reduces. There is a downward pressure on price if demand decreases or supply increases.

As a result of the slit, there would be an increase in the supply of cotton. This would lead to an downward pressure on price. The mad cow disease would lead people to demand less beef. This would lead to an downward pressure on price. The extreme weather would lead to people not coming for the game. This would lead to an downward pressure on price.

Due to the expectation of the holocaust, there would be an increased demand for twonkies. This would lead to an upward pressure on price.

Here is the complete question:

Decide whether each scenario would lead to upward or downward pressure on the equilibrium price for each good in bold font.

1.The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.

2.An outbreak of mad cow disease causes Americans to abstain from eating beef.

3. Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets.

4. An impending unclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies

For more information about the change in demand, please check: brainly.com/question/25871620

#SPJ1

3 0
2 years ago
Richardson Supply's $3.9 million cost of inventory at the end of last year was understated by $1.2 million.
Triss [41]

Answer:

Part a. Was last year's reported gross profit of $2.9 million overstated, understated, or correct? What was the correct amount of gross profit last year?

Gross Profit was Understated by $1.2 million

Correct Gross Profit is $4.1 million

Part b. Is this year's gross profit of $3.6 million overstated, understated, or correct? What is the correct amount of gross profit for the current year?

Gross Profit is Overstated by $1.2 million

Correct Gross Profit is $2.4 million

Part c. Was last year's reported cost of goods sold of $5.4 million overstated, understated, or correct? What was the correct amount of cost of goods sold last year?

Cost of Goods Sold was Overstated by 1.2 million

Correct Cost of Goods Sold is $4.2 million

Part d. Is this year's cost of goods sold of $5.7 million overstated, understated, or correct? What is the correct amount of cost of goods sold for this year?

Cost of Goods Sold was Understated by 1.2 million

Correct Cost of Goods Sold is $6.9 million

Explanation:

Closing Inventory Reduce the Cost of Sales at the end of the year.It is Transferred to the Statement of Financial Position to depict a resource controlled by the entity from which economic benefit is expected to flow in the entity - Asset.

Opening Inventory Increase the cost of Sales because it presents a depletion of Assets of Inventory.

Cost of Sales and Gross Profit have an Inverse Relationship.

6 0
3 years ago
Indiana Co. began a construction project in 2021 with a contract price of $162 million to be received when the project is comple
barxatty [35]

Answer:

D) Recognized $8.91 million loss on the project in 2022.

Explanation:

The computation is shown below:

For Year 2021:

Percentage of work completed in the year 2021 is

= $40 ÷ ($40 + $84)× 100

= $40 ÷ $124 × 100

= 32.26%

Profit on the contract is

= Contract price - Already incurred cost - Expected cost

= $162 - $40 - $84

= $38

Profit to be recognized in the year 2016 is

= profit × percentage of completion

= $38 × 32.26%

= $12.256

For Year 2022:

Percentage of work completed in the year 2017 is

= ($40 + $65) ÷ ($40 + $65 + $52)

= $105 ÷ $157 × 100

= 66.88%  

Profit on the contract is

= Contract price - Already incurred cost - Expected cost

= $162 - $40 - $65 - $52

= $5

Profit that should be recognized till the year 2017 is

= profit × percentage of completion

= $5 × 66.88%

= $3.344

Profit to be recognized in the year 2017 is

= $3.344 - $12.256

= 8.91 million loss

7 0
3 years ago
In an example of __________ , many companies lobby the U.S. federal government through the U.S. Chamber of Commerce, an interorg
Iteru [2.4K]

Answer:

boundary spanning

Explanation:

Boundary spanning -

The term boundary spanning was given by Tushman in late 1950's .

It is the term used to describe an individual in the innovation system , whoes role is to link the internal work of the organization with the external work .

From the statement of the question , the example is for the term boundary spanning .

4 0
3 years ago
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