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AleksandrR [38]
3 years ago
15

In 2007, five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their pr

oduction. such an arrangement is called a ________.
Business
1 answer:
NeX [460]3 years ago
4 0
Five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their production in the year of 2007. This kind of organization is an example of cartel. A cartel is an organization shaped from a official arrangement among a group of manufacturers of a good or service to standardize supply in an exertion to regulate or manipulate prices. In addition, a cartel is an assortment of otherwise independent businesses or countries that serve together as if they were a single producer and are able to fix values for the goods they manufacture and the services they render in deprived of competition.
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anygoal [31]

Answer:

b. excludable and rival in consumption

Explanation:

For categorizing the goods as private or public, the two terms we need to understand i.e.  rivalry and excludability

The rivalry refers only one person could consume it no other has the right to consume the same thing

While on the other hand, the excludable arise when you stop someone from using a particular thing

So here in the given case, the option b is most appropriate as it is fit to the scenario

8 0
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Mikalya put 500$ in the bank. The annual interest rate is 2 percent. How much money will mikalya earn in one year?
Tema [17]

Answer:

&10

Explanation:

This is a case of simple interest.

It gotten as Interest= Prt

Where:

P=principal

r=rate

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Therefore

$500×2%×1= 10

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Ratling [72]
Medium of exchange because it's the purchase that is in question here
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Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
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