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Citrus2011 [14]
3 years ago
9

Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of produ

cers restricted diamond sales to maximize profits. De Beers and its association was "the only game in town" and had what isA) a cartel.B) a duopoly.C) monopolistic competitor.D) perfect competitor.
Business
1 answer:
Kruka [31]3 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

The association of De Beers and its affiliated producers is a cartel.

A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.

Members of a cartel can fix a higher price to earn more profit.

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Match the example with the business structure that makes sense for it. To match the items, click the example, and then click the
Kazeer [188]

Answer:

Doug and Vanessa- partnership

Esperanza- sole partnership

Robyn- c corporation

Cuba- s corporation or LLC

Ming- nonprofit corporation

I hope this helps someone!!

7 0
2 years ago
Sardi Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 17,000
MA_775_DIABLO [31]

Answer:

$24.21

Explanation:

Direct materials $8.20

Direct labor 8.30

Variable manufacturing overhead 1.2

Fixed manufacturing overhead (70% × $4.30 is avoidable) = 3.01

8.2 + 8.3 + 1.2 + 3.01 = 20.71

Relevant manufacturing cost = $20.71

$7.00 per unit ÷ 4 minutes per unit = $1.75 per minute

$1.75 per minute × 2 minutes = $3.5

$20.71 + $3.5

= $24.21

6 0
2 years ago
In its ads for athletic shoes, Sleek Feet LLC uses a trademark that is similar, but not identical, to the famous, registered mar
gogolik [260]

Answer: It might harm the reputation of Trend Flash Ltd. or distinguishing factor is impaired by using similar trademark by Sleek Feet LLC

Explanation:

According to the question, Sleek Feet LLC is using similar or alike trademark for their product(shoes) as well-established corporation ,Trend Flash already uses in registered form.

Having similar trademark can confuse consumers as they might not able to identify the difference between the trademark. It can end up purchasing wrong brand shoes rather what they actually intend to

This can tamper the reputation of Trend Flash Ltd. as they have well recognized trademark and difference in quality of shoes be a major factor in it.

5 0
3 years ago
Why do we need to suffer from taxes
scoray [572]

Answer: In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Taxes fund public libraries and parks. Taxes are also used to fund many types of government programs that help the poor and less fortunate, as well as many schools! Taxes are important to federal, state, and local governments. They are the primary source of revenue for the corresponding level of government and fund the activities of the governmental entity.

Explanation:

3 0
2 years ago
Read 2 more answers
Operating income and tax rates for Blossom Company’s first three years of operations were as follows: Income Enacted tax rate 20
Digiron [165]

Answer:

Deferred tax asset $174000

Explanation:

The computation of the  amount of deferred tax asset or liability for the year 2021 is shown below:

= Income in the year 2021 × enacted tax rate for the year 2021

= $870,000 × 20%

= $174,000

By multiplying the income for the year 2021 with the enacted tax rate for the year 2021 we can get the deferred tax asset and the same is shown above

3 0
3 years ago
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