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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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What is one medical use for x-rays

MakcuM [25]

Answer:

X-rays can be used to see what areas of a bone a broken or injured. It helps understand what parts of the body may have injuries.

Hope this helps.

6 0

3 years ago

Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows:

Anika [276]

Answer:

correct option is B.$2,273

Explanation:

given data

purchased = $150,000

building = $100,000

land = $50,000

to find out

Tom's maximum depreciation for this first year

solution

we will apply here The mid month convention applies

and recovery period for Residential property = 27.5-year

maximum depreciation will be here as

maximum depreciation = $100,000 × 2.273%

maximum depreciation = $100,000 × 0.02273

maximum depreciation = $2,273

so correct option is B.$2,273

5 0

3 years ago

Increased capital investment is generally used for what business expenses?

Aleksandr [31]

A. Capital expenditures

3 0

1 year ago

How much resistance is ther in a 12-volt circuit with a 2-amp current

Nataly [62]

GIVEN -> Voltage in circuit = 12 V
Current in circuit = 2 A
To find resistance we will use the well known equation or Ohms Law equation,
which is; V = IR
hence R = V/I
R = (12 V) / 2 A
R = 6 ohm
therefore, ideally the resistance in the circuit would be equal to 6 ohms.

6 0

2 years ago

Kingbird, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $21800 Outstand

igomit [66]

Answer:

Kingbird will have an Updated Cash Balance of $21,800

Explanation:

<em>First Step is to Update the Bank Balance in the Cash Book</em>

Debit :

Cash Balance before adjustment $25,080

Dishonored Cheques $460

Totals $25,540

Credit:

Bank service charge $145

Balance as per updated Cash Book $25,395

Totals $25,540

<em>Then Prepare a Bank Reconciliation Statement</em>

<u>Bank Reconciliation Statement</u>

Balance at Bank as per Cash Book $25,395

Add Unpresented Cheques $7,150

Less Lodgements not yet credit ($4,425)

Balance as per Bank Statement $21,800

<u>Conclusion.</u>

Kingbird will have an Updated Cash Balance of $21,800

8 0

3 years ago