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professor190 [17]
11 months ago
14

A major reason that firms form a cartel is to (Points : 4) reduce the elasticity of demand for the product. enlarge the market s

hare for each producer. minimize the costs of production. maximize joint profits.
Social Studies
1 answer:
dalvyx [7]11 months ago
8 0

The major reason that firms form a cartel is to maximize joint profits. The Option D is correct.

<h3>What is a cartel?</h3>

A cartel refers to the association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic influence on the production or sale of a commodity. The most common arrangements of cartel are aimed at regulating prices or output or dividing up markets.

According to economist, the main justification for the establishment of cartels is for the protection from ruinous competition, which, it is alleged, causes the entire industry’s profits to be too low.

A cartelization provide for distributing fair shares of the total market among all competing firms and the most common practices employed by cartels in maintaining their industry’s monopoly position including the fixing of prices, the allocation of sales quotas or exclusive sales territories.

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Because casey can type reports faster and more accurately than ahmet, casey has ________ in typing reports.
avanturin [10]

Because Casey can type reports faster and more accurately than Ahmet, Casey has an absolute advantage in typing reports.

This is further explained below.

<h3>What is the absolute advantage?</h3>

Generally, The capacity of a party to provide an item or service more effectively than its rivals is the foundation of the idea of absolute advantage.

Adam Smith, a Scottish economist, originally introduced the idea of absolute advantage in 1776 when discussing international commerce and utilizing labor as the only input.

In conclusion, Casey has an unbeatable edge in terms of typing reports as compared to Ahmet due to the fact that Casey can write reports more quickly and precisely.

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6 0
1 year ago
Six-year-old Suzie sees her younger brother approaching with the new toy he received for his birthday.
viva [34]

Answer:D) Id

Explanation: This is referred by Freud as a pleasure principle because it makes one do what they want to do without even thinking about the outcome as long as it is going to please them .

For Suzie taking the toy without considering the other child's feeling it shows she was only thinking about satisfying her own need or pleasure .

7 0
3 years ago
If a person pays taxes every year on his income, what type of civic actor
Ganezh [65]

Answer:

justice oriented

Explanation:

becuase...........

4 0
3 years ago
Read 2 more answers
Which of the following is NOT a role of the President?
lesantik [10]

Answer:

Party Chief.

Explanation:

Think about it. The POTUS isn't going around partying, are they?

8 0
2 years ago
What continent do u find at 40N , 100 E
Sedbober [7]
The answer is Asia.

Explanation:

40 degrees North and 100 degrees East is the coordinates of the continent Asia. The other person who answered is incorrect because China is not a continent.
5 0
2 years ago
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