Which of the following would make it easier to maintain an effective collusive agreement in a cartel?

Business

1 answer:

GalinKa [24]2 years ago

4 0

Answer:

A decrease in the elasticity of demand for the cartel's product.

Explanation:

The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.

Adverse effects on consumers include:

1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.

2) Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.

3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.

4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.

You might be interested in

In economics, we define the "long run" as a. About ten years b. The amount of time it takes for a factory to need new paint c. T

kari74 [83]

Answer:The answer is c

Explanation:

3 0

2 years ago

When Corinne asked why she didn't get the job, the manager replied, "I needed someone who understood basic accounting practices

OLga [1]

Answer:

The aspect of career readiness the manager feel Corinne was lacking was Knowledge

Explanation:

Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.

The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.

Knowledge is an aspect of career readiness that has to do with the theoretical or practical understanding of a subject matter. It is the information, skills and facts gained through experience and education.

Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.

5 0

3 years ago

Business communication

KATRIN_1 [288]

Answer:

We do this so that people can see your business and how it is

7 0

1 year ago

Janelle is highly organized and loves working to find ways to arrange graphs and data more effectively. She doesn't handle confl

krek1111 [17]

The most appropriate job for Janelle is in clerical work. The answer is B.

Clerical work requires competent systematic skills. Since Janelle is very comfortable in arranging or organizing files, she is very compatible with the job. Moreover, clerical work requires focus and does not really require interaction with workers. As long as you are able to deliver the outputs, that is already considered as efficient.

5 0

3 years ago

Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.

lisov135 [29]

<span>Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.</span>

7 0

3 years ago