When firms in a particular industry informally agree to charge the same price as the largest firm in that industry, it is called: tacit collusion.
Tacit conspiracy is a conspiracy between challengers, which don't explicitly exchange information and achieve an agreement about the collaboration of conduct. There are two types of wordless conspiracy- combined action and conscious community. In a combined action also known as combined exertion, challengers change some information without reaching any unequivocal agreement, while a conscious community implies no communication. In both types of wordless conspiracy, challengers agree to play a certain strategy without explicitly saying so. It's also appertained to as oligopolistic price collaboration or wordless community.
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Answer:8 barrels of oils per pair of shoe
Explanation:Greece and swizerland will need an average price by which they can both gain from trade.To ascertain the average price is by adding the 4 barrels of oil which Greece can forfeit and the 10 barrels of oil which Switzerland could also forfeit if it were into producing shoes.10+ 4 = 14/2 which almost 8 barrels to be given in exchange in other ensure a fair trade between both trading partners.
Answer: IND report
Explanation:
A sponsor investigator has numerous roles to perform which includes
Control of the investigational drug
Record retention
Reporting
Assurance of IRB review
Inspection.
So, under the reporting role he or she will be saddled with the responsibility of giving an annual report of the IND investigation.
The product market refers to the place where: C. businesses sell goods and services and households buy goods and services.
<h3>What is a
product market?</h3>
A product market can be defined as any place where business firms (organizations) make their goods and services available for purchase by households (consumers).
This ultimately implies that, a product market refers to the place where various business firms sell their goods and services and households buy these goods and services.
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Answer:
player 2 is signing a better contract
Explanation:
the present value of an annuity (player 1) = annual payment x annuity factor
assuming that the interest rate is 10%
present value = $10 million x 6.1446 (PV annuity factor, 10%, 10 periods) = $61.446 million
player 2's contract
the present value of a growing annuity = [payment / (i - g)] x {1 - [(1 + g) / (1 + i)]ⁿ} = [$10 / (10% - 5%)] x {1 - [(1 + 5%) / (1 + 10%)]¹⁰} = $200 x 0.372 = $74.398 million