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Dmitrij [34]
3 years ago
5

Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one​ day, nancy and chu

ck get together and decide to drastically raise their prices. this is an example of​ _______.
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

<span>Price fixing</span>

This is a practice whereby rival companies or participants in a similar  market reach an illicit agreement not to sell goods or services below a certain price or maintain the market conditions such that the price is fixed at a certain point.

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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sale 10 units 10 Purchase 30 units at $20 17
kolezko [41]

Answer:

=  $490

Explanation:

<em>Under the </em><em>First-in-First-Out  </em>( FIFO ) <em>method of inventory valuation,  inventories are valued using the price of the earliest batch in stock until the batch is exhausted when the price of the next oldest batch is used and so on.</em>

Date     sale units       Workings                         Value

              10                    10 × $19                              190

               20        (10 × $19)+( 10 × $20)                  390

The cost o he merchandise = $190 + $390

                                             =  $490

8 0
3 years ago
In the summer of 2002, the euro was valued at slightly less than US$1. By 2008, it had risen to an all-time high of $1.60, but i
Kisachek [45]

The answer is foreign currency fluctuations.

Foreign currency fluctuations are basically the change in the values of currencies based on the demand of that currency.

In other words, the more the number of investors invests in the stocks regulated by the stock market to buy exports of any country, the more will be the value of the currency of that particular country and vice versa.

Foreign currency fluctuation occurs for all floating currencies all over the world.

Since in the given case, the value of the euro changes from US$1 to US$1.60 from 2002 to 2008 respectively.

Hence, this change in value is called Foreign currency fluctuations.

Learn more about Demand:

brainly.com/question/1245771

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8 0
2 years ago
What are capital gains on an investment?
docker41 [41]
<span>income that investors earn from buying and selling investments
</span>
3 0
3 years ago
Entrepreneurs use distributors to purchase resources and invest in the production of goods. True or false?.
ANEK [815]

Entrepreneurs do not use distributors to purchase resources and invest in the production of goods so this statement is FALSE.

<h3>How do Entrepreneurs purchase resources?</h3>

Entrepreneurs are able to invest in the production of the goods and services they provide by using their own funds and liability.

They do not use distributors but rather foot the bills as well as getting loans to be able to engage in the purchase of resources.

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4 0
2 years ago
Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because
inn [45]

<u>Answer:</u>

<em>C) When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost. </em>

<em></em>

<u>Explanation:</u>

When benefits are zero, the firm is gaining adequate income to cater for the open door expense. Misfortunes bring about exit and discharge assets to stream to business sectors where there are benefits. Minimal income and negligible expenses are equivalent; some other yield levels will bring about decreased interest.  

Since quite a while ago running a focused balance, a firm is winning zero financial benefits as they won't keep on delivering because it could procure a superior return in another industry. Keep on creating because such interest relates to negative bookkeeping benefits.

8 0
4 years ago
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