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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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He table below shows the number of male and female students enrolled in nursing at a particular university for a recent semester
Serga [27]
     ​(a) the probability that a randomly selected student is​ male, given that the student is a nursing major.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  nursing Majors ---------------------98</span>

 P=98/839=0.1168=11.68%

  (b) the probability that a randomly selected student is a nursing​ major, given that the student is male.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  --------------------------------------1151</span>

 P=98/1151=0.0851=8.51%

5 0
3 years ago
A monopolistically competitive market has characteristics that are similar to:a. a monopoly only.b. a competitive firm only.c. b
Ber [7]

Answer:

c. both a monopoly and a competitive firm

Explanation:

A monpolistically competitive firm is a firm that has the features of both a monopoly and a competitive firm

Characteristics of a monopoly in a monpolistically competitive firm:

1. Products are differentiated in a monpolistically competitive firm.

2. Firms are price setters.

Characteristics of perfect competition in a monpolistically competitive firm:

1. There is free entry and exist into the industry.

2. There are many sellers

4 0
3 years ago
Worker A is more effective than Worker B. Both workers become less effective as their workloads increase. Both workers are paid
sineoko [7]

Answer: False

Explanation:

Question mentions that even though Worker A and Worker B are both paid the same salary and become less effective as their workload increase, Worker A is still more effective than Worker B.

The optimal allocation therefore would be one where Worker A get more of the 200 units of production than Worker B because they would be able to produce more as they are more effective.

8 0
3 years ago
On January 1, 2017, Sheridan Company had a balance of $417,000 of goodwill on its balance sheet that resulted from the purchase
Thepotemich [5.8K]

Answer:

patent      301,350 debit

       cash                 301,350 credit

franchise 633,600 debit

        cash               633,600 credit

development expense   189,000 debit

         cash                                    189,000 credit

year-end adjustment:

amortization expense   50,225 debit

         patent                                  50,225 credit

amortization expense   31,680‬ debit

         patent                                  31,680‬ credit

Explanation:

The patent and franchise will be activate as there is a certain possibility to produce positive cashflow in the future.

They will be adjusted at year-end for amortization:

301,350 / 6 = 50,225 amortization on patent

633,600 / 10 = 63,360 amortization on franchise

As it was concede on July 1st then, we will do half-year

63,360 / 2 = 31,680‬

The development cost will be treated as expense as there is no precise information that can determined the development cost which yield a positive outcome.

8 0
3 years ago
Briefly explain 3 arguments for and 3 against a national minimum wage.​
serious [3.7K]

FOR:

  • increased income for workers
  • more workers attracted to the workforce
  • less strain on federal resources for those in poverty

Against

  • more costly for businesses
  • possible unemployment due to job automation
  • higher prices for consumers.

Here are some basic arguments. You will need to explain these a bit more for your assignment though.

7 0
3 years ago
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