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3 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]3 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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3 years ago

Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?

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3 years ago

NEED ASAP What are the steps for properly carrying an item

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2 years ago

The Morris Corporation has $300,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are

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Answer: 1.41

Explanation:

Given that,

Debt outstanding = $300,000

interest rate = 8% annually

annual sales = $1.5 million

average tax rate = 40%

net profit margin on sales = 4%

interest amount = 300,000 × 0.08

= $24,000

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Profit before tax = $\frac{6,000}{0.60}$

= $10,000

earning before interest and tax = profit before tax + interest

= $10,000 + $24,000

= $34,000

TIE ratio = $\frac{EBIT}{Interest}$

= $\frac{34,000}{24,000}$

= 1.41

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3 years ago

Which of the following statements regarding a tax sheltered annuity (tsa) is incorrect? the income from the tsa is received inco

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