1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

Read more about cartel

brainly.com/question/8515693

#SPJ1

You might be interested in
In Furman v. Georgia, the Supreme Court ruled that the death penalty violated the Eighth Amendment because the death penalty was
hoa [83]

Answer:

C. applied unequally across states.

Explanation:

The case of Furman V. Georgia occured in 1972. At that time, most states did not necessarily 'Banned' the use of death penalty as a punishment. But the problems occurred because it seems that each states have different standard when determining which type of criminals should be sentenced with death penalty.

Example of the unequal application :

Furman was sentenced to death penalty because he killed someone during an attempted robbery.  But criminals who convicted with the same charge in California at that time was punished with 25 years of prison time. Not death penalty.

3 0
3 years ago
Which of the following is the best example of how many Pacific islands have adapted to a mix of different ethnic groups?
Lerok [7]

Answer:

A.  

They have developed national pidgin languages.

Explanation:

The best example of how many pacific islands have adapted to a mix of different ethnic groups is that they have developed national pidgin languages.

This languages enable communication between this people of different ethnic groups.

A good example of this is the Melanesian Pidgin which is developed and spoken by Malaysians of different ethnic groups.

5 0
2 years ago
The diagram shown is an example of which element? Explain how you know.
marysya [2.9K]
I can’t answer this because I can’t see the diagram. Comment on this once you posted it so I can help u
8 0
3 years ago
How is fear used to influence the viewer to buy victory<br> bonds? Check all that apply.
ivann1987 [24]

Answer: option 1,2,3, and 5

Explanation:

5 0
3 years ago
Which moral theory points you to fulfilling your responsibilities?
kirza4 [7]

Answer:

Natural Law

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • Ben is prone to experiencing emotions in a much stronger manner than most other people. events that don't provoke any significan
    6·1 answer
  • "Merely repeating information over and over is called _____ while focusing on the meaning of the information is called _____. "
    5·2 answers
  • Causes of the American Revolution: Timeline
    7·2 answers
  • The travel brochure is simple and simple __________ so they can easily understand it and do not have any confusion in understand
    14·1 answer
  • What is the name of the country that gained its independence in 2011 from a country to its north?
    12·1 answer
  • Who is considered the ruler of a family in a patriarchal society?
    11·2 answers
  • How does mining affect local populations?
    5·2 answers
  • 100 Points. Photo Analysis. Image is attached
    10·1 answer
  • Help! will mark brainliest!
    5·2 answers
  • What did people of this time period believe about the organisms that existed on earth?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!