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
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

You might be interested in
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next
laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

= 80,000,000 * Present value interest factor, 8%, 25 years

= 80,000,000 * 10.6748

= $‭853,984,000‬

<em>The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken. </em>

7 0
3 years ago
If globalization continues over the next few decades, how might your life be different?
dexar [7]

Answer:

Too much globalization is lack of resources which leads to more disease and death

4 0
3 years ago
A severe freeze has damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shift of
EastWind [94]

Group of answer choices.

A. the supply curve, resulting in a lower equilibrium price.

B. the supply curve, resulting in a higher equilibrium price.

C. the demand curve, as consumers try to economize because of the shortage.

D. the demand curve, resulting in a price ceiling in the market.

Answer:

B. the supply curve, resulting in a higher equilibrium price.

Explanation:

In this scenario, a severe freeze has damaged the Florida orange crop. Thus, the impact on the market for orange juice will be a leftward shift of the supply curve, resulting in a higher equilibrium price.

An equilibrium price can be defined as the price at which the quantity of goods demanded is equal to the quantity of goods supplied.

Additionally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

7 0
3 years ago
What is the practice of negotiating labor contracts that keep unnecessary workers on a company’s payroll called?
Rudiy27
<span>featherbedding is the answer


</span>
5 0
3 years ago
Read 2 more answers
Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the uretha
denis-greek [22]

Answer and Explanation:

The preparation of schedule showing physical units of production is prepared below:-

Rosenthal Company

Physical units of production

For the year June 2020

Units to be accounted for:

Work in process, June 1: -

Started into production 22,660 units

Total units                       22,660

Units to be accounted for:

Transferred out               20,600  (22,600 - 2,060)

Work in process, June 30  2,060 units

Total units                          22,660 units

8 0
3 years ago
Other questions:
  • Why might a broker look at world news and financial data?
    9·1 answer
  • Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Ja
    6·1 answer
  • You give disappointments little thought after they happen.
    12·1 answer
  • Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near ter
    5·1 answer
  • Which of the following is a distance-based method for location alternatives evaluation?Factor rating methodDecision treeBreak-ev
    9·2 answers
  • Space Fuel Inc. is considering establishing a new propellant depot to provide space vehicles a refueling point in their trek to
    5·1 answer
  • Brickhouse is expected to pay a dividend of $3.65 and $2.66 over the next two years, respectively. After that, the company is ex
    13·1 answer
  • The Back Room just paid an annual dividend of $1.50 a share. The firm expects to pay dividends forever and to increase the divid
    9·1 answer
  • If there is a high demand for a product, then production will be__.
    9·2 answers
  • A _____________ is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!