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ozzi
3 years ago
5

Cartels are difficult to maintain because a. ​the monopoly output is very difficult to determine. b. ​the number of firms is alw

ays large. c. ​costs to the firms in a cartel are continually rising. d. ​each firm has an incentive to deviate from its agreed output level.
Business
1 answer:
Ostrovityanka [42]3 years ago
6 0

Answer:

The correct answer is option d.

Explanation:

Cartels are generally formed in oligopoly markets. In such markets there are few firms which are interdependent. So, they form cartels to enjoy monopoly power.

Though cartels are generally short lived and difficult to maintain. The reason behind this is that each firm has the incentive to deviate and produce more than their quota in order to capture more market share.

So, option d is the correct answer here.

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Answer:

option (B) 912 ± 42.6

Explanation:

Data provided in the question:

Standard deviation = 64 square feet

Sample size, n = 15

Mean = 912

Confidence level = 99%

Now,

Confidence interval = Mean ± z[s ÷ √n]

here,

z = 2.58 for 99% confidence level

Thus,

Confidence interval = 912 ± 2.58[64 ÷ √15]

or

Confidence interval = 912 ± 2.58[64 ÷ √15]

or

Confidence interval =  912 ± [ 2.58 × 16.525 ]

or

Confidence interval =  912 ± 42.63

= 912 ± 42.6

Hence,

The answer is option (B) 912 ± 42.6

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3 years ago
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6 0
2 years ago
On September 1, Home Store sells a mower (that costs $120) for $420 cash with a one-year warranty that covers parts. Warranty ex
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Answer: See explanation

Explanation:

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8 0
2 years ago
Your firm's attorney has ________ power when giving legal advice.
Mandarinka [93]
The answer is expert power.
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3 years ago
Which of the following is not a cost created by high​ inflation?
SpyIntel [72]

Answer:

Which of the following is not a cost created by high​ inflation?

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High inflation may also lead to higher borrowing costs for businesses and people needing loans and mortgages as financial markets seek to protect themselves against rising prices and increase the cost of borrowing on short and longer-term debt.

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