1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RUDIKE [14]
3 years ago
8

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<em> group of competitors or market participants</em> who are independent from each other. They <u>work in unison by cooperating secretly</u> in an <em>unlawful way</em> 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 <em>increased following </em><em>World War I,</em> but<em> started declining after </em><em>World War II</em>.

So, this explains the answer.

You might be interested in
What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveli
nasty-shy [4]

The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.

<h3>Why was the transcontinental railroad created?</h3>

The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.

Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.

Find out more about transcontinental railroad here:

brainly.com/question/11433327

#SPJ1

4 0
1 year ago
The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncancellable lease is 10 years, an
Degger [83]

<u>Solution and Explanation:</u>

The Journal Entries in the books of Brock's water enterprise is as follows :-

Date  Particulars and details                             Debit($)  Credit($)

Jan 5, 2018  Intangible Assets - Lease  905861  

Lease Payable                                            905861

(Being Record the Lease)        

Jan 5, 2018  Lease Payable                  125000  

Cash                                                           125000

(Being Record Down Payment)        

Dec 31, 2018  Amortization Expenses ($905861divide 10)  90586  

Accumulated Amortization                                           90586

(Being Record the amortization)        

Jan 5, 2019  Lease Payable (\$ 125000-\$ 62469) 62531  

Interest Expenses ((\$ 905861-\$ 125000) * 8 \%)   62469  

Cash                                                                              125000

(Being Record the Second Lease Payment)  

3 0
3 years ago
The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 1
SSSSS [86.1K]

Answer:

cost of goods sold = $580

Explanation:

The cost of the goods sold means the cost price of the total sales volume. As the company uses FIFO (First-in, First-out) method and also uses the perpetual inventory system, the cost of goods sold =

Cost of goods sold =

20 units × $19 = $380 (The price is from November 1)

10 units × $20 = $200 (The price is from November 10)

The total cost of goods sold (30 units) = $580

8 0
3 years ago
The average erp project takes​ ___________ months to complete.
stealth61 [152]
Actually, the time frames of ERP projects would actually depend on different scenarios taking place. These scenarios are as follows:

For financial modules: 2.5 - 4 months
For financial modules and sales functionality: 5 - 6 months
For financial modules, sales, and inventory functionality: 5 - 7 months
4 0
3 years ago
Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage o
Nataly [62]

Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

<h3>What is meant by international trade?</h3>

This is the term that is used to refer to the trade that is carried out between two different nations.

It is when the nations are able to engage in buying and selling the goods that they have in their home countries and taking the ones that they do not have from other countries.

Hence we can say that bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

Read more on international trade here: brainly.com/question/15115779

#SPJ1

8 0
1 year ago
Other questions:
  • Which is NOT a tactic TV stations use to get people to watch the news?
    14·1 answer
  • The U.S. government wants to restrict Nation A's access to weapons-making materials. Which of the following actions will it most
    13·1 answer
  • _____ is done by centralizing or specializing a firm's operations to sustain or improve productivity.
    6·1 answer
  • Moon flower cosmetics company executives are aware that their asian customer base is interested in advanced skin care treatments
    11·1 answer
  • Advertising revenue, the lifeblood of newspaper operations, ______.
    6·1 answer
  • Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve
    9·1 answer
  • Two studies found a link between exchange rates and the stock prices of U.S. firms; a. this suggests that exchange rate changes
    11·1 answer
  • Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe
    10·1 answer
  • Explain the difference between gross pay and net pay.
    8·1 answer
  • Suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!