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Gnesinka [82]
3 years ago
7

A cartel​ _______. A. is a group of firms acting together to limit​ output, raise​ price, and increase economic profit B. is a s

table organization that can maintain the monopoly price indefinitely C. is legal in the United States if the industry has an HHI that is less than​ 2,000 D. cannot operate legally across countries
Business
1 answer:
Alex17521 [72]3 years ago
6 0

Answer:

A. is a group of firms acting together to limit​ output, raise​ the price, and increase economic profit

Explanation:

The cartel will exist in the <u>oligopolistic market.</u> It is the union of firms to set the market rules. The firms collude in the oligopolistic market, they do not compete. They cooperate and, cut market shares for each one based on geography, age, gender or any other factor.

The cartel <u>fixes the product price and, the amount produced</u> to achieve, the maximum gain possible.

<u>It's not a free-market. </u>

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The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the
maxonik [38]

Answer:

Approximately $37000

Explanation:

A standard normal curve will be used to solve this question since the histogram of the data takes on a mound shape.

The mean salary is $33000 with one standard deviation equalling $2000.

Using the normal curve, 95% of the salary will lie between 2 standard deviation. i.e. $33000+$2000+$2000=$37000

6 0
2 years ago
Suppose Congress approves a proposed "temporary worker" program and American firms find
dybincka [34]

Answer:

The market for lettuce would be impacted in three ways: labor supply would increase, meaning that lettuce producers can now hire more workers for a lower price.

This cheaper labor would likely increase supply, because more producers would try to enter the market to take advantage of the cheap workers.

Finally, the lower labor costs, and the higer supply, would reduce the price of lettuce, meaning that consumers will be able to buy more lettuce for less money.

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3 years ago
Sequential games are used to analyze
djverab [1.8K]

Answer:

Situations in which one firm acts and other firms respond.

Explanation:

Sequential game refers to a game in a game theory in which one person or firm acts and other person or firm respond to this action. In this type of game, if there are two firms then one of the firm have to act first which means that second firm have some of the information about the first firm before acting.

Otherwise, there will be no significance of difference in time on the strategic effect.

8 0
3 years ago
Which of the following should you consider first when trying to pya for higher education?
Elan Coil [88]

Answer:

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7 0
2 years ago
A one-year life insurance policy for a 25-year-old male costs $100 and pays $10,000 in case of death during the 25th year. NOTE:
Natali [406]

Answer:

The expected gain per policy for the insurance company is $80

Explanation:

According to the given data we have the following:

Outcome            death          No death

Net gain                     $-9900      $ 100

Probability               0.002     0.998

Therefore, in order to calculate the expected gain per policy for the insurance company we would have to calculate the following formula:

Expected Gain = (-$9900)*(0.002)+($100)*(0.998) = -19.8+99.8= 80

Expected Gain=-$19.8+$99.8=

Expected Gain=$80

The expected gain per policy for the insurance company is $80

6 0
2 years ago
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