Answer:
Explanation:
That may depend on which Country you are talking about......
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A cartel differs from a monopoly in that businesses making the same product agree to limit production. The definition of a cartel is "in economics, a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market."
Answer:
True
Explanation:
Economic value added is used to evaluate the performance of the company by deducting the capital invested initially in operating profit. it is considered as an indicator which is induced to know the current profitable position of the company. Thus show how company management doing their work.
it is calculated as
Economic value added = (Profit - initial capital)/ (net investment)