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3 years ago

A cartel is

Business

1 answer:

goblinko [34]3 years ago

5 0

Answer:

c. A group of firms with an explicit, formal agreement to fix prices and output shares in a particular market

Explanation:

Cartel is a group of few oligopolistic firms, who collude with each other to increase their joint profits & market domination.

So, they are a group of firms with an explicit, formal agreement to fix prices and output shares in a particular market

Example : OPEC (Organisation of petroleum exporting countries) is a Cartel.

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A common solution to the free-rider problem is Choose one or more: A. for government to provide the good and then pay for its pr

seraphim [82]

Answer:

A. for government to provide the good and then pay for its production through taxation.

Explanation:

Free Riding is an economic problem implying usage of 'non excludable' good, by people not contributing to pay for it.

Example : Roads, Bridges etc.

One most suitable solution to free rider problem is : Providing it through government and treating all prospective beneficiaries as unified consumers set , dividing the entire total cost equally between all of them - through mechanism of taxation

5 0

4 years ago

The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges $3995 to rent

notsponge [240]

For Q1, you have to set these equations equal to each other because it is asking how much of x is necessary to make the same amount of y, so:

3995 + 225.50x = 6500 + 100.25x

solve for x:, and get x=20

so 20 tons of sugar will give the companies the same cost.

For Q2: you need to plug in x=20 into either one of the original equations, and solve for y because this will give you the cost of transportation, so:

y= 3995 + 225.50(20)

y=$8,505 for the total cost

7 0

4 years ago

When the price of flowers increased from $5.00 to $5.70, the quantity demanded of chocolate increased from 5,550 to 6,150. What

Aloiza [94]

Answer:cross-price elasticity of demand= 1.57

Explanation:

The Cross Price Elasticity of Demand measures the degree at which the quantity demanded for one commodity changes with a change in price of another product. If the two products in comparison show a positive cross elasticity of demand, then both products are substitutes of each other , while a negative results shows both are complementary of each other.

Cross Price Elasticity of Demand= ΔQx/Qx /ΔPy/Py

Cross Price Elasticity of Demand = (Q1x – Q0x) / (Q1x+ Q0x) ÷ (P1y – P0y) / (P1y + P0y),

Q0X = Initial demanded quantity of commodity X =5500

Q1X = Final demanded quantity of commodity X, = 6150

P0Y = Initial price of commodity Y = $5.00

P1Y = Final price of commodity Y= $5.70

Cross Price Elasticity of Demand = (Q1x – Q0x) / (Q1x+ Q0x) ÷ (P1y – P0y) / (P1y + P0y)

= (6150 -5000)/ (6150+5000)/(5.70-5.00)/(5.70 +5.00)

(1,150/11,150)/(0.7/10.7)=0.103139/0.065420= 1.5765 to the nearest hundreths = 1.57

A positive value 0f 1.57 for cross elasticity of demand shows that there is a competitive relationship between chocolate and flowers.

6 0

4 years ago

Barbara has $150 to open a checking account. Her employer will send her paycheck via direct deposit, but otherwise she wants to

Sunny_sXe [5.5K]

Dont know the answer, but i can tell you that combo is wrong.

7 0

3 years ago

Read 2 more answers

Does the National Labor Relations Act give an employer the right to plead with workers to

trapecia [35]

The national labor relation act is the act formed by the government to protect right of employers and the employees.

<u>Explanation:</u>

The National Labor Relations Act of 1935 is a primary rule of United States work law which ensures the privilege of private part employees to sort out into worker's guilds, participate in aggregate haggling, and make aggregate move, for example, strikes.

Congress sanctioned the National Labor Relations Act ("NLRA") in 1935 to secure the privileges of representatives and bosses, to energize aggregate dealing, and to shorten certain private area work and the executives rehearses, which can hurt the general government assistance of laborers, organizations and the U.S. economy.

3 0

3 years ago