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4 years ago

What is the difference between explicit collusion and implicit collusion? Unlike explicit collusion, implicit collusion

Business

1 answer:

lesya [120]4 years ago

4 0

Answer:

The basic difference between both are explained below.

Explanation:

Explicit collusion is where firms meet and agree to charge the same price, and an example of implicit collusion is price leadership. Unlike explicit collusion, implicit collusion unlike explicit collusion, implicit collusion is where firms signal to each other without actually meeting and agreeing to charge the same price.

Unlike explicit collusion, wherever the occurrence of an accommodation that would lend ammunition for an antitrust court case might be unscrewed, implied collusion is challenging to document as well as to verify. Implicit collusion frequently seems to be nothing more than all firms individually responding to shifting market circumstances.

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Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single

larisa [96]

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single lend out or invest.

<h3>What is commercial banking ?</h3>

A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.

Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.

Commercial banks provide basic banking services, such as deposit accounts and loans, to individuals and small to medium-sized businesses.
Commercial banks profit from a range of fees as well as from the interest they get on loans.

To learn more about commercial banking from the given link:

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2 years ago

What is the difference between an employee and applicant?

IRINA_888 [86]

Employee's and candidates are used interchangeably. But when talking with human resources recruiters, Employee's are job seekers who have “applied” for your job opening. ... Out of an employee pool of 300, you might only identify 15 candidates

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3 years ago

Fiscal policy refers to:_____________.

solmaris [256]

Answer:

c. Changes in government expenditures and taxation to achieve particular economic goals.

Explanation:

Fiscal policy is the government tool by which the government alters its spending and the taxation to influence the aggregate demand in the economy.

An expansionary fiscal policy involves means to increase aggregate demand and can include increased government spending and lower taxes. A contractionary monetary policy is used when the government aims to reduce the aggregate demand and thus can either reduce its spending or raise taxes.

Money supply is influenced by monetary policy and other options are wrong and irrelevant to the fiscal policy definition.

Hope that helps.

7 0

4 years ago

A price index, as compiled by the bureau of economic analysis, is a measure of __________ used by the government to compute real

olga2289 [7]

If you have an awesome choice that says inflation... then that is your answer.

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4 years ago

Read 2 more answers

Smythe Co. makes furniture. The following data are taken from its production plans for the year.

PtichkaEL [24]

Answer:The hazardous waste disposal cost per unit for chair and table respectively is $2.83 and $1.54

Explanation:

From the question, If cost are assigned at a rate based on direct labor hours, then the total disposal cost for chairs is

total disposal cost for chairs =Direct labor hours required for chairs/Total Direct labor hours required for both furniture x Hazardous waste disposal costs

268,000/ 268,000+16,400 x 615,000

= 268,000/ 284,400 x 615,000

===$595,535.865

and for tables for is

total disposal cost for tables=Direct labor hours required for tables /Total Direct labor hours required for both furniture x Hazardous waste disposal costs

16,400 / 268,000+16,400 x 615,000

= 16,400 / 284,400 x 615,000

===$35,464.135

The hazardous waste disposal cost per unit for chair and table respectively is

For chair ====total disposal cost for chairs/ Expected production of chairs

$595,535.865/210,000 units= $2.83

For table ====total disposal cost for table/ Expected production oftable

$35,464.135/23,000 units=$1.54

4 0

3 years ago

What is the difference between explicit collusion and implicit​ collusion? Unlike explicit​ collusion, implicit collusion

What is the difference between explicit collusion and implicit collusion? Unlike explicit collusion, implicit collusion