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professor190 [17]
1 year 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]1 year 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.

Read more about cartel

brainly.com/question/8515693

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From a _____ perspective, religion promotes conformaty, cohesion, and cooperation within society Question 51 options: Political
Scilla [17]

From a Political perspective, religion promotes conformaty, cohesion, and cooperation within society

<h3>What is Political perspect?</h3>

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4 0
2 years ago
Jana has a high tolerance for the unstructured, the unclear, and the unpredictable. She can best be described as having: a. low
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<u>Answer: </u>

Low uncertainty avoidance

<u>Explanation: </u>

Greet Hofstede is the pioneers of the low uncertainty index. It measures the prototypical estimation of cultural behavior.  

  • Prototypical low uncertainty avoid-ant culture possess the following characteristics:
  • Very less formal and informal govt. the structure reflects a greater degree of comfort ambiguity.
  • Life is not being perceived as inherently stressful, and maintaining emotional poise is valued and expected.  
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AVprozaik [17]

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According to my research on the stages of consumer decision making, I can say that based on the information provided within the question Mary has just proceeded through the Need Recognition stage. This stage is when a consumer identifies a need and thinks of a product that might meet this need. Which is what Mary was demonstrating by buying a cellular booster to fix the problem.

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