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Novosadov [1.4K]
3 years ago
7

When firms in an oligopoly collude without an explicit agreement, economists say they are involved in ________ collusion.a. ille

gal b. tacit c. game theoretic d. predatory e. marginal
Business
1 answer:
NeTakaya3 years ago
4 0

Answer:

b. tacit

Explanation:

Collusion is a fraudulent agreement entered into between various parties in order to obtain mutual benefits. The term is used in law to refer to illegal agreements. When several companies enter into this agreement, called the collusive agreement, they form a cartel. Such is, for example, the Organization of Petroleum Exporting Countries, or other cases of agreements between multinational companies in the food sector. It is in most cases tacit (tacit collusion): companies stop competing on the price in order to maximize profit by increasing the leverage of productivity or the research and development of new products / services

Tacit collision is when firms select actions to minimize the response of another firm. We can say an example of avoiding the opportunity to cut prices will cut one opposition as it will retaliate against the opposition. In other words, the two firms agree to play a specific strategy without explicitly saying it. Oligopolists mostly inten to avoid price reductions, excessive advertising or other forms of competition. Therefore, there may be unwritten collective codes of behavior, such as pricing (hidden collectivization). One price manager will then emerge and determine the overall industry price and other companies will follow.

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LenaWriter [7]

Answer:

M1 = $3000

Explanation:

Below is the given values:

Given the currency = $1000

The balance of checking account = $2000

In order to find the M1, just add the balances of currency and balances of the checking account.

Thus M1 = Currency + Balance of checking account

M1 = 1000 + 2000

M1 = 3000

Therefore, the M1 = $3000

7 0
3 years ago
when a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy
Advocard [28]

Answer:

producer surplus increases and total surplus decreases in the market for that good.

5 0
3 years ago
The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount
yuradex [85]
900,000 / 1/4 = liabilities
900,000 - liabilities - stockholder's equity

900,000/4 = 225,000
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5 0
3 years ago
Read 2 more answers
1. Companies like Uber, Lyft (one of Uber’s main competitors), and Airbnb (an online marketplace that enables people to lease or
mart [117]

Answer:

Globalization has led to the influx of multinationals in many developing and under developed countries. With the advancement of technology this process has increased and influenced many industries.

Uber is providing convenience to its users to fill the gap between the service provider and service user through a platform

This platform has led to bridge the gap between the user and seller of service.

This convenience can be used not only in the transportation of consumer but can also be used in carrier pick ups. Delivery of foods and mails etc.

It can also be used across industries like in medical industry to provide emergency ambulances. Bridging the gap between medical assistance by providing medical services through apps connecting doctors and patients.

It is being used in freelancing industry as well. To provide a platform for provider of service and consumer.

However in entering into different industries the legal aspects are to be considered to avoid any backlash.

5 0
4 years ago
Treasury bills are currently paying 7 percent and the inflation rate is 3.2 percent. a. What is the approximate real rate of int
FromTheMoon [43]

Answer:

The real risk free rate is 3.8%

The exact risk-free rate is 3.68%

Explanation:

The interest rate on the Treasury bills is usually a combination of real risk free rate and inflation rate to compensate investors for average inflation in the economy during the instrument lifetime which equals nominal risk-free rate.

nominal risk-free rate = real risk-free rate+inflation rate

nominal risk-free rate=7%

inflation rate=3.2%

real risk-free rate=7%-3.2%

real risk-free rate=3.8%

The exact real risk-free rate can be computed thus:

nominal rate+1=(real risk-free rate+1)*(inflation rate+1)

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real risk-free rate=0.036821705

real risk-free rate=3.68%

5 0
4 years ago
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