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4 years ago

Economics: A group of competitors who work in unison to control the supply and price of their product is called a

Business

1 answer:

7nadin3 [17]4 years ago

6 0

Answer:

cartel

Explanation:

A "cartel" is a group of competitors or market participants who are independent from each other. They work in unison by cooperating secretly in an unlawful way so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It increased following World War I, but started declining after World War II.

So, this explains the answer.

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_____ involves comparing the costs and benefits of consuming or producing one additional unit of a good or service.

Soloha48 [4]

The correct answer is Marginal analysis.

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4 years ago

The price of sooer balls in the United Statos is $30 and the price of soccer bails in Mexico is $450 pesos. If the theory of pur

Shalnov [3]

Answer:

The correct answer is option a.

Explanation:

The purchasing power parity theory states that the exchange rate between the currency of the two countries is determined through the relative value of a basket of goods.

The exchange rate will be in equilibrium when the purchasing power in both the countries will be the same, or the price of the basket of goods is the same in both the countries.

The price of soccer balls in the US is $30.

The price of soccer balls in Mexico is $450 pesos.

The exchange rate should be

= $\frac{450}{30}$

= 15

This means that each dollar is equal to 15 pesos.

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3 years ago

If retail stores experience a decrease in revenues during this holiday season, then either attitudes toward extravagant gift giv

Olin [163]

Answer:

The statement is: True.

Explanation:

Several factors influence the revenues of a business. Change in consumers' patterns is one of them. Individuals' behavior, needs, and expectations are not static. They vary over time. Firms must be aware of what tendencies are in the market to keep up with the changes. Otherwise, a company can lose its market share because of not knowing what is driving consumer purchases.

Another factor influencing institutions' profits is consumer income. If income decreases or if price rises but income keeps the same level, consumers will lose purchasing power decreasing the quantity demanded in different products which are translated in losses for companies.

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3 years ago

Huong is opening an international food store. Though her products will span the globe, she wants to focus on items from the Midd

Marina CMI [18]

C bc it makes very good since

8 0

3 years ago

Consumers calculate the value of a product by: Multiple choice question. considering all of the benefits considering all of the

Bogdan [553]

Consumers calculate the value of the product by considering whether all of the benefits exceed all of the costs. Therefore, Option D is the correct statement.

<h3>What do you mean by product?</h3>

A product refers to an object supplied for sale. A product may be a provider or an object. It may be physical or in virtual or cyber form. Every product is made at a cost and each is bought at a price.

The price that may be charged relies upon the market, the quality, the advertising, and the phase this is targeted.

Therefore, Consumers calculate the value of the product by considering whether all of the benefits exceed all of the costs. Option D is the correct statement.

Learn more about Product:

brainly.com/question/25528419

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2 years ago