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nata0808 [166]
3 years ago
10

Three airlines account for most of the air traffic in and out of a local city. If the three airlines joined together in setting

fares and air travel schedules, economists would say that they were acting as:
Business
1 answer:
kykrilka [37]3 years ago
8 0

Answer:

The options for this question are the following:

A. a cartel, as the three airlines together would attempt to coordinate policies in the local market to jointly maximize profits.

B. monopolistic competitors, as each firm would have to differentiate its airline services from its rivals.

C. perfect competitors, as each firm would sell travel services at the same fares as the other airlines.

D. kinked demand curve oligopolists.

The correct answer is A. a cartel, as the three airlines together would attempt to coordinate policies in the local market to jointly maximize profits.

Explanation:

A cartel is a formal agreement between two or more companies in order to reduce competition between them and increase their profits or joint profits.

A cartel is the formal expression of a collusion agreement. This implies that firms explicitly agree on the level of certain competitive variables such as price, quantity, distribution of customers or areas, etc.

The goal of cartel members is to increase joint benefits at the cost of reducing or eliminating competition. In this way, it is intended to act as a monopoly by increasing prices, reducing the quantity and increasing the profits obtained from sales.

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A
Vesnalui [34]

Answer:

D. secured loan

Explanation:

"A secured loan is a loan backed by collateral"

[A. unsecured loan is a loan that doesn't require any type of collateral.]

[B. credit card ...no]

[C. property loan is a secured loan that is sanctioned keeping an asset as mortgage with the lender.]

[D. secured loan is a loan that is backed by collateral]

8 0
2 years ago
An absolute definition of poverty is:________a) a relatively fixed level of income above which a person cannot function in a pro
mafiozo [28]

Answer:

d) Neither A nor B

Explanation:

Poverty refers to a financial state wherein an individual is unable to meet the most basic needs for survival such as food clothing and shelter.

Absolute poverty refers to a state wherein the income of a household is below a certain threshold level which makes it hard to meet the basic necessities of life such as food, shelter, water and sanitation.

The concept of relative poverty makes a comparison i.e relatively to others. When one is relatively poorer than others. The person in such a scenario may be able to meet his ends but relative to other households income, shall be termed as poor.

8 0
3 years ago
Floraâs car breaks down, leaving her stranded on the highway in the middle of rush hour. as more and more cars drive past her, f
Stella [2.4K]

The reason why the drivers fail to recognize Flora’s need of assistance and help because of the rush hour that they are currently experiencing. Rush hour is the time when there is a heavy traffic and it is most likely makes the drivers more focus that they don’t have the time to pay attention to other people or the surrounding around them. That’s why Flora is having a hard time having or asking someone for assistance.

8 0
3 years ago
Roxy Inc. issued 3,000 shares of no-par common stock with a stated value of $5 per share. The market price of the stock on the d
7nadin3 [17]

Answer and Explanation:

The journal entry to record the issuance of the common stock is shown below;

Cash Dr (3,000 shares × $14) $52,000

  To Common stock (3,000 shares × $5) $15,000

  To Additional paid in capital $27,000

(being the issuance of the common stock is recorded)

Here the cash is debited as it increased the asset and credited the common stock & additional paid in capital as it also increased the equity

3 0
3 years ago
While searching Ancestry.com, you learn that you are a direct descendant and sole living heir of Alexander Hamilton who founded
34kurt

Answer:

C. $1.24 million

Explanation:

Given that

Annualized interest compounded = 5%

For monthly, it would be = 5% ÷ 12 months = 0.4167%

Time = 235 years

For monthly, it would be = 235 years × 12 months = 2,820

Present value = $10

We know that

Future value = Present value × (1 + interest rate)^number of years

                     = $10 × (1 + 0.4167%)^2820

After solving this, the answer would be  $1.24 million

6 0
3 years ago
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