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mina [271]
3 years ago
10

Cartels are corporations that control almost all of the production and sale of a single product.

Business
1 answer:
GenaCL600 [577]3 years ago
7 0
FALSE. Cartels are NOT CORPORATIONS that control almost all of the production and sale of a single product.

A cartel is an agreement between competing firms to control prices of goods. They may also come into agreement to hinder the entry of a new competitor. 

A cartel rises in an oligopoly. This means that few sellers are in the market and these sellers control the price and production of various goods.
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Which three factors make starting a business a highly risky investment?
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Which three factors make starting a business a highly risky investment? My answer would be points B, C and E.
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Consider these situations. In each situation, is the demand for the good elastic or inelastic?
Kryger [21]

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Explanation:

Demand is the amount of a good or service consumers wants

| Consumer demand can change often; for many reasons

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3 0
4 years ago
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Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
timofeeve [1]

Answer:

These are the options for the question:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

B. They should be more willing to tear down the $50 million stadium, because it cost more to build.

C. The cost to build the old stadium shouldn’t be considered.

And this is the correct answer:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

Explanation:

City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).

4 0
4 years ago
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Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by i
Marrrta [24]

Answer:

increased measured GDP by the full value of the restaurant meals.

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export

Some items are not included in the calculation of GDP. Some of these items are :

1. Services rendered to ones self

2. Intermediate goods

3. Illegal activities

4. Transfer payment by government.

Households cooking at home is an example of services rendered to ones self and it is not included in the calculation of GDP.

While services rendered by resturants are included in the GDP through consumption spending by households.

So if families decide to eat more at resturants, GDP is increased by the full value of resutrant meals.

I hope my answer helps you

6 0
3 years ago
A company's Inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. Its Accounts Payabl
Aloiza [94]

Answer:

$704,000

Explanation:

As we know that

Costs of goods sold = Beginning inventory + purchase made - ending inventory

$720,000 = $200,000 + purchase made - $188,000

So, the purchase would be

= $708,000

Now the cash payment would be

= Beginning balance of accounts payable + purchase - ending balance of accounts payable

= $80,000 + $708,000 - $84,000

= $704,000

7 0
4 years ago
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