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3 years ago

Cartel agreements are difficult to maintain because individual members True or False

Business

1 answer:

Anuta_ua [19.1K]3 years ago

8 0

Answer:

True

Explanation:

Cartel

It is important to define a cartel before explaining the question. A Cartel represents a group of firms that come together for making price and output decisions about their products.

Monopoly is one of the main reasons for the rise of Cartels. Cartel members are organisations in markets where there are very few firms and each firm has a significant share of the markets. An example of this is the Organisation of Petroleum Exporting Countries (OPEC).

The Petroleum market is monopolistic in the sense that a few countries are responsible for the crude oil and related products that are used by all countries around the world, hence, OPEC was formed to regulate the actions; production level and price of the Oil produced and processed for regulatory purposes.

Why it is difficult to maintain Cartel Agreements

It is difficult to maintain cartel agreements because individual members will always attempt to cheat and by-pass the agreement to produce beyond the agreed quota just to increase their share of the cartel's profits.

Individual members can always produce above their quota to take advantage of the large market and monopolistic situation to make more monopoly profit.

This difficulty is one of the reasons why there are few Cartels available and it is also why the OPEC has had difficulties monitoring the activities of its members over the years.

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True Blue Corporation provided the data set forth above from its activity-based costing system.

Sidana [21]

Answer:

Unitary cost= $765.38

Explanation:

Giving the following information:

The company makes 430 units of product D28K a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year.

The product's direct materials cost is $35.82 per unit and its direct labor cost is $29.56 per unit.

Unitary cost= direct material + direct labor + allocated overhead

<u>We don't have enough information to allocate overhead. </u>

<u>Assuming the overhead gets allocated based on machine hours, I will invent an overhead rate and cost to allocate.</u>

Estimated overhead= 300,000

Machine hours= 690

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/690= $434.78 per machine hour

690/430= 1.61 machine hours

Unitary cost= direct material + direct labor + allocated overhead

Unitary cost= 35.82 + 29.56 + (1.61*434.78)= $765.38

8 0

3 years ago

Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?

Zielflug [23.3K]

Answer:

The APR stands for the annual percentage rate, and you can hope for a credit card with the least APR since you have good credit. It is the interest rate that is charged annually over the credit you spend. And the average credit card APR is 15.09, as mentioned in the February report. And on account that assesses interest, on average the APR is 16.91. And hence an APR below the 17.57, can be considered as a good one. And hence, this can be your APR for purchases or the balance transfers since you have a terrific credit.

Explanation:

Please check the answer section.

4 0

4 years ago

What happens when a single seller market develops into a competitive market?

Luden [163]

Answer:

Introduce new or better products to existing markets. Continue development on your existing products, like your bestsellers, in order to renew your commitment to current customers to the best of your abilities. Through product development, you can expect to outperform competitors and keep your customers happy. Explore Partnership Opportunities

6 0

3 years ago

A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a:_________

goldfiish [28.3K]

A user market is one where tenants bargain rent and other conditions with property owners or their managers.

<h3>What are Business User Markets?</h3>

Several other user markets also make purchases, either for their own consumption or with the goal of redistribution to others, in addition to selling finished goods and services to supply chain organizations. When making these purchases, the buyer typically does not significantly alter the goods from their original state. Although technically these markets are also a component of the supply chain, the majority of business users do not actively participate in or directly support production.

Any method that lets customers get involved in a marketing effort is known as user-generated marketing. User-generated marketing is just as much a kind of public relations as anything else because it gives a target audience a more participatory and interesting experience.

To know more about Business User Markets, visit: brainly.com/question/25492268

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4 0

1 year ago

Yang Corporation starts a foreign subsidiary on January 1 by investing 25,000 rand. Yang owns all of the shares of the subsidiar

Lisa [10]

Answer:

$3,000 credit

Explanation:

Given the followin currency exchange rates for 1 rand are as follows:

January 1 $0.25 = 1 rand

Average for the year 0.28 = 1

December 31 0.31 = 1

Net income conversion Investment using January 1 rate = 50,000 rand × $0.25 = $12,500

Net income conversion Investment using December 31 rate = 50,000 rand × $0.31 = $15,500

Credit (Debit) = $15,500 - $12,500 =$3,000

Therefore, the translation adjustment that Yang will report at the end of the current year is $3,000 credit since the difference is positive.

4 0

3 years ago