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nlexa [21]
3 years ago
9

A member in a cartel can earn more profits byA) charging a slightly lower price and raising production.B) producing less than th

e agreed rate.C) selling less than the agreed amount.D) none of the above.
Business
1 answer:
zavuch27 [327]3 years ago
7 0

Answer:

The correct answer to the following question is option A) charging slightly lower price and raising production .

Explanation:

A cartel can be defined as a group of firms , that join forces together to decide what level of output should be produced and at what prices they should be sold at. A cartel generally forms in oligopoly market where there are few firms in the market and they all have significant share in the market.

Reason why firms join forces together is because they want to have more dominant position in the market and increase the market power. So these type of cartels forms a monopoly n the market and earn high profits. But there are always chance of firms cheating each other in market, by either increasing the production or decreasing the price by a small percent, which will allow them to earn more profits.

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Last years ending inventory was overstated. This error would cause...
Vsevolod [243]

Answer:

This periods end assets to be overstated

Explanation:

As inventory is summarized in the assets if the final inventory is overstated it will generate an overstate in the following years.

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3 years ago
Zahra is an employee at colorz inc. she loves gossiping about her colleagues during office hours, which causes her to receive a
Sphinxa [80]
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3 years ago
The total of paul's taxable gifts, assuming he does not elect gift splitting with his spouse, subject to the unified transfer ta
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Gift splitting allows a wedding couple to combine their gift tax exemptions to help enhance the advantages of tax-free gifting.

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1 year ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
Ierofanga [76]

The true statement out of all is

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Explanation:

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Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.

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