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ArbitrLikvidat [17]
3 years ago
7

A collusive agreement between two firms is likely to break down when​ ____________. A. it is easy to punish cheaters. B. firms v

alue profits less today than in the future. C. the market has substantial long minus term value. D. detection of cheaters is difficult.
Business
1 answer:
AnnZ [28]3 years ago
3 0

A collusive agreement between two firms is likely to break down when detection of cheaters is difficult .

Option D

<u>Explanation: </u>

Collusion is a secret agreement between two or more parties to suppress open competition by misleading, lying or defrauding others of their rightfulness or achieving a goal prohibited by law that usually is to defraud or gain an unacceptable market advantage.  

It is an agreement between companies or individuals that divides a market establishes prices, limits or limits production opportunities. It can include "strike, pay manipulation, kickbacks or the freedom of the relationship between the two parties." All collusion-driven actions are considered null and void legally.

In the USA, Canada collusion is illegal because of antitrust legislation, but implicit collusion even now takes place in the method of price management and tacit agreement.  

Example: Google and Apple announced that both firms decided not to hire people to work together to stop wage growth in 2015, a statement against bullying collusion by employees.

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Answer and Explanation:

a)

If you charge $40 for X then everyone will buy as everyone is willing to pay atleast $40. this means all three groups buy that is 3*1000 buyers.So profit from X = 3000*40= $120,000

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b)

If you charge $90 and $160 for X and Y respectively you will have only 1000 buyers for each product as others are unwilling to pay this much.

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c)

for a bundle of X and Y buyers are willing to pay a total of $150, $210 and $200 across the three categories.

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d)

If you charge $210 only the second will buy as they are willing to pay that much so profits =1000*210=$210,000

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Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August 16, 2018, for $6,000 cash. Hitzu u
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Answer:

1) $240 warranty expense

2) $240 warranty liaiblity

3) zero as decreases the warranty laibility

4) 240 beginning - 209 used = 31 ending

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cash    6,000 debit

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--to record sale--

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--to record prevision for warranty expenses--

warranty liability     209 debit

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Answer:

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