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1 year ago

a cartel is a group of oligopolists who try to behave like a single monopolist and split the benefits among themselves

1 answer:

4 0

A cartel is a group of oligopolists who try to behave like a single monopolist and split the benefits among themselves.

<h3>Cartels </h3>

Cartels are competitors in the same industry and seek to reduce that competition by controlling the price in agreement with one another. Tactics used by cartels include reduction of supply, price-fixing, collusive bidding, and market carving.

Some examples of a cartel include The Organization of the Petroleum Exporting Countries (OPEC), an oil cartel whose members control 44% of global oil production and 81.5% of the world's oil reserves.

<h3>Types of Cartels</h3>

Price Cartels – They fix the minimum prices per their demand-supply ratio. Members cannot sell products below those prices.

Term Cartels – They agree on business terms on a routine basis. Each member is obliged to follow the terms of trade.

To learn more about Cartels visit the link

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Need help with this question asap plz

wariber [46]

The correct answer is the second one: It made it illegal to imprison people unless they were convicted of a crime.

I hope this helps.

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3 years ago

you invest $1300 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and

miskamm [114]

Answer:

1. <em>For the amount to double</em>: <u>9.37 years</u>

2. <em>For the amount to triple</em>: <u>14.85 years</u>

Explanation:

The equation for continuosly compounded interest is:

$F=P\times e^{rt}$

Where:

P is the amount that you invest today: $1,300
F is the value after t years: the double or triple of $1,300
r is the annual interest rate: 0.074

<u>1. For the amount to double:</u>

Substitute the values and solve for t:

$2\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 2\\ \\ t=\ln 2/0.074=9.37years$

<u>2. For the amount to triple:</u>

<u />

$3\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 3\\ \\ t=\ln 3/0.074=14.85years$

4 0

3 years ago

The following information pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance bef

MAXImum [283]

Answer: The correct cash balance for Sooner Company is "(C) $7,150."

Explanation: The balance of the company before the settlement was $ 5000. The data to take into account to adjust the differences are:

Notes collected by the bank $ 2,200

Service fee $ 50

<u>Therefore: 5000 + 2200 - 50 = $7150</u>

6 0

3 years ago

Your manager has asked for your help to make a decision on an important issue within 24 hours. the outcome of this decision will

exis [7]

The best thing that you should do in this scenario would be :

- Gather as much as information as you can regarding the issue (maybe by asking input from your associates)

- analyze the issue completely thoroughly

- Believe in yourself and create the best decision based on your analytic

hope this helps

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3 years ago

How much must harry's hardware deposit at a 14.5% annual interest for 240 days in order to earn $500 in simple interest?

marissa [1.9K]

To get the formula for the principal, we will use the formula for the interest and derived it from there:

I = Prt is the equation then it will be P = I /rt since we are looking for the principal.

P = I /rt

= $500 / (0.145 x 240/360)

= $500 / 0.0967

= $5170.63

To check:

I = Prt

= $5170.3 x 0.145 x 240/360

= $499.8 or $500

5 0

3 years ago

Read 2 more answers