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Hoochie [10]
3 years ago
13

Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. In an eff

ort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating.
Consider the following scenario:

Suppose that the leaders of several oil corporations hold a secret meeting in the Cayman Islands where they agree to restrict fuel output in order to boost prices. As a result of the higher fuel prices, an airline company loses billions of dollars.

This airline company could recover three times the damages it has sustained by suing the appropriate oil corporations under which of the following laws?

A. The Celler Kefauver Act of 1950
B. The Sherman Antitrust Act of 1890
C. The Robinson Patman Act of 1936
D. The Clayton Act of 1914
Business
2 answers:
cluponka [151]3 years ago
8 0

Answer:

D The Clayton Act of 1914

Explanation:

Anna71 [15]3 years ago
6 0

Answer:

D. The Clayton Act of 1914

Explanation:

In this example, the airline company could recover the damages it has sustained by suing these oil corporations under the Clayton Act of 1914. The Clayton Antitrust Act was passed by Congress in 1914 with the intention of preventing unethical business practices among different businesses. These practices include price-fixing and monopolies.

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Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price
noname [10]

Answer:

C) $300 U

Explanation:

Gipple Corporation

Material Quantity Variance = (Actual Quantity Used * Standard Unit Cost )-

( Standard Quantity Used * Standard Unit Cost )

Material Quantity Variance =(AQ* SP) -(SQ*SP)

Material Quantity Variance = (24,870* 6)- ( 7.3* 3400 *6)

Material Quantity Variance = (24,870* 6)- (24,820* 6)

Material Quantity Variance = 149220 - 148920

Material Quantity Variance = $300 Unfavorable

As actual quantity is greater than standard quantity it is unfavorable.

4 0
3 years ago
Why did Steve and Vic focused on smaller cities rather than Silicon Valley
nirvana33 [79]
Focusing on smaller cities rather than areas like silicon valley a good strategy, why? Larger cities have a lot more competition and a great way to help others in smaller cities with money and jobs. They can have their businesses all over the world and be able to give success to everyone.
8 0
3 years ago
An investor implements a collar strategy by purchasing 100 shares of the Tesla stock at a price of $840 per share, selling 100 c
ollegr [7]

Answer: $837

Explanation:

The following information can be gotten from the question:

Purchase price = $840 per share

Premium of call option = $35 per share

Premium of put option = $32 per share

From the above, the premium received will be:

= $35 - $32 = $3

Investors break even will then be:

= Purchase price - Premium received

= $840 - $3

= $837

8 0
3 years ago
You overhear a newly graduated RN telling one of your colleagues that leadership and management belong to the unit manager and n
krek1111 [17]

Answer:

b. <u>would benefit from further understanding of her role as a professional, whose influence may affect the decision making of patients, colleagues and other professionals</u>

Explanation:

Leadership refers to stimulating the subordinates into a desired action aimed at the fulfillment of organizational goals and objectives.

Leadership role is not merely restricted to management and unit managers. A person might act in such a responsible manner that his/her actions might set up an example for others to follow suit. This would be a positive influence i.e leadership.

In the given case, the incumbent registered nurse is required to be guided so as to make her understand that as she works, she would gradually understand the definition of her role and how the role performed by her influences the people around her and affects the decision making ultimately.

5 0
4 years ago
Sometimes very high ________ costs are recognized before a project begins and reducing these costs through shorter project durat
Kruka [31]

Answer:

Overhead costs

Explanation:

When high overhead costs are recognised before project starts there will be a need to manage them. Since overhead cost increase as duration of project increases, reduction in project duration will go a long way in reducing cost incurred.

Overhead costs can include wages, rent, utility bills, maintenance costs and so on. They can also be reduced when costs that are not adding value is recognised.

8 0
3 years ago
Read 2 more answers
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