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1 year ago

When companies join together to try to control prices or eliminate competition so that they exclusively benefit, it is called?

1 answer:

7 0

When companies join together to try to control prices or eliminate competition so that they exclusively benefit, it is called collusion.

Collusion occurs in oligopoly market, when oligopoly firms make joint decisions, and act as if they were a single firm to control prices or eliminate competition. Collusion requires an agreement between cooperating firms, the agreement can be either explicit or implicit, in order to restrict output and achieve the monopoly price.

So this causes the firms to be interdependent, as the profit levels of each firm depend on the firm’s own decisions and the decisions of all other firms in the industry.

Hence, an example of illegal collusion is a secret agreement between firms to fix prices.

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The ideal, initial step leading to implementation of an effective employee communications program should begin with

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Should begin with immediate and effective comments/responses from all employees. There should then be meetings held to discuss the findings and to elaborate on what can be done to begin forming an effective communications program for all employees.

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3 years ago

Best Construction, Inc., and General Real Estate Corporation form a joint venture. A joint venture is usually formed for

STALIN [3.7K]

Answer:

for mutual benefits

Explanation:

A joint venture is a business arrangement made between two parties that agree to come together and unite all of their resources in order to accomplish a specific common goal. Joint ventures are usually formed for mutual benefits, both companies involved benefit greatly from reaching the end-goal that they are working towards, but which neither company could do it without the other's resources.

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3 years ago

Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A

notsponge [240]

Answer:

$100 in bank A

$900 in bank B

Explanation:

Since the required reserve ratio is 10%, then bank A can lend up to 90% of the funds to bank B, and must keep the remaining 10%.

bank A = $1,000 x 10% = $100
bank B = $1,000 x 90% = $900

If bank B borrowed the money to another client, then they would be able to borrow $900 x 90% = $810, and they should keep $90 as reserves.

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3 years ago

The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is

dolphi86 [110]

The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is called specialization.

What is the separation of a manufacturing process?

The number one production thing of the chemical system industries is separation processes (CPI).
These crucial responsibilities encompass doing away with impurities from uncooked materials, improving and purifying number one products, and casting off impurities from effluent water and air streams.

What is conditioning withinside the production system?

A material's inner structure is altered in the course of conditioning processes, converting the material's houses.
These tactics modify a material's hardness, corrosion resistance, strength, or different houses via the usage of heat, mechanical force, or chemical reaction.

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1 year ago

When Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is 1 -N/200 bushels of corn. If

eimsori [14]

Answer:

to maximize profit, farmer must use 0.208 pounds of fertilizers

Explanation:

For profit maximization, marginal revenue must be equal to marginal cost.

Here marginal product of fertilizer= 1-N/200

selling price per busher= $4

total marginal revenue= (1-N/200)× 4

Total cost of fertilizer= 1.2N

To maximize profit

Marginal cost= marginal revenue

1.2N= (1-N/200)× 4

4.8N= 1-N/200

N= 0.208 pounds

to maximize profit, farmer must use than 0.208 pounds of fertilizers

6 0

3 years ago

Read 2 more answers