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Butoxors [25]
3 years ago
11

What would happen if three more restaurants opened in a small town where only four restaurants were open for business originally

? rev: 05_15_2018 Multiple Choice The restaurants would form a cartel in the town. People would pay higher prices to eat out. The town would raise significantly more taxes. The restaurants would become more like a competitive market.
Business
1 answer:
Tanya [424]3 years ago
3 0

If three more restaurants opened in a small town where only four restaurants were open for business originally then The Restaurants  would form a cartel in the town.

<u>Explanation:</u>

In such a situation the restaurant would preferably form a cartel. A Cartel is an association of various firms. This association is formed to keep the prices at a higher level. When a cartel is formed it restricts competition.

Cartel is formed with the mutual understanding of all the firms. The existence of cartels negatively affects the consumers, as they have to pay higher prices and cannot afford to bargain as the price will be determined by all the concerns collectively. It might result in limited supply and more demand which will result in price to increase.

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A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this w
mixas84 [53]

Answer:

pooling losses

Explanation:

This agreement embodies the concept of pooling losses. In this concept, each individual loss is spread over to the entire group. In order for this arrangement to be effective, a large number of farmers are required, so whenever a farmer suffers a loss, it will be mitigated due to the pooling over the large group.

8 0
3 years ago
Alpha has $40,000 of capital per worker, while Beta has $5,000 of capital per worker. In all other respects, the two countries a
VladimirAG [237]

Answer:

<u>lower return </u>

Explanation:

an additionl unit of capital will have a <u>lower return</u>  in Alpha compared to Beta

The diminishing return theory explains that if a factor is added, while the other remains the same, the return for each additional quantity added will be lower. So if both countries have the same amount of factor, Alpha adding more capital will not have the same return as doing it in Beta

ΔCapital/(40,000 + labor + land)  <   ΔCapital/(5,000 + labor + land)

That's because the divisor ir greater in Alpha it is required a higher amount of capital to produce the same return.

5 0
3 years ago
During engine operation, the total distance that a valve opens is called the A. rise. B. stroke. C. duration. D. lift.
Tamiku [17]
D is the answer. Hope this helps.
4 0
3 years ago
Read 2 more answers
When a person is developeing a plan, he must understand the or what he is selling.
9966 [12]

Answer:

Product

Explanation:

When a person is developing a plan, he must understand the product he is selling.

He can only develop an effective plan if he knows the complete dimensions of the product at hand. An incomplete understanding would lead to developing an ineffective plan that might create the wrong perception of it in the minds of the consumer and eventually effect the sales negatively or maybe engage the wrong market in the process.

4 0
3 years ago
Julia's is an upscale women's clothing store. prices are based on customers' beliefs about the value of the clothing. the store
Elis [28]
The answer to the question is "Customer- Oriented".

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3 0
3 years ago
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