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Shkiper50 [21]
1 year ago
5

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

Business
1 answer:
Sergio [31]1 year ago
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

brainly.com/question/14265043

#SPJ4

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Manny hired his brother’s firm to provide accounting services to his business. During the current year, Manny paid his brother’s
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Answer:

$64,000

Explanation:

In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.

3 0
4 years ago
How much is a $2 dollar bill worth
seraphim [82]
A $2 bill is worth 200 pennies, 20 dimes, 4 half dollars, and  25 nickels.


Hope this helps :)
5 0
3 years ago
Read 2 more answers
Suppose during a year an economy produces $10 trillion of consumer goods, $4 trillion of investment goods, $6 trillion in govern
Svetlanka [38]

Answer:

The correct answer is $19 trillion

Explanation:

Gross Domestic Product (GDP) is the total market or monetary value of all the goods and services produced by a country within its borders over a given period of time. It is used as a measure of a country's economic health, due to its broad coverage.

The formula for calculating GDP is: GD P  =  C  +  I  +  G  +  ( X  −  M )

where :

C = private consumption (consumer goods)

I = gross investments (investment goods)

G = government investments or government spending (govt. services)

X = export

M = import

Therefore:

GDP (in trillion) = 10 + 4 + 6 + (4 - 6) = 10 + 10 - 1 = $19 trillion dollars.

Please note that there is the nominal GDP and real GDP.

Nominal GDP is the total value of all the final goods and services a country produces within a year, while real GDP is the value of the goods and services produced within a year, putting inflation effects into account.

5 0
3 years ago
A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst
borishaifa [10]

Answer:

Information signaling

Explanation:

Information signalling is defined as the various actions a firm takes that communicates it's financial outlook. For example if a firm releases a dividend policy it communicates the value of the firm's stock.

In this scenario the CEO announced increase in the firm's dividend. This will convey to investors that the company has a competitive advantage which will result in additional income, so dividends are being raised.

It is an indirect way of announcing good news about the prospect of a new technology being created.

7 0
3 years ago
How do i make someones answer the brainliest
Aleksandr [31]
I don’t get what your saying

But could u give more explanation
4 0
4 years ago
Read 2 more answers
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