All categories

3 years ago

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

Business

1 answer:

GalinKa [24]3 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

Jose and Juanita are buying their first home. They want a low interest rate on loans, and they want to deal with someone local a

Sedbober [7]

Answer:

savings and loan association

8 0

3 years ago

Why is it difficult for some people to save money?

sammy [17]

If they have alot of money then it might be hard for them to save because they have enough or if they dont have alot of money then they just wanna have alot of items i do that sometimes☺

8 0

3 years ago

Sunny corporation reported the following results for december: Description AmountNumber of units sold 800 unitsSelling price per

Llana [10]

Answer:

The gross margin for December is: 0.5%.

The Gross margin of an organisation or business measure the extent by which its income exceeds the costs it incurs in producing its goods and or services.

The gross margin is measured in percentages. The higher the percentage of this margin, the higher the effectiveness of the company's management in deriving value from every dollar invested.

Explanation:

To arrive at Gross Margin, one is required to subtract the total cost of goods sold from total revenue for the period and dividing that number by revenue. That is:

Gross Margin (GM) = $\frac{Revenue-Cost of Goods Sold}{Revenue}$

Step I - Calculate Revenue

This is given as the total amount of goods sold which is:

800 x $500 = $400,000

Step II - Calculate Cost of Goods Sold

Cost of goods sold per unit is given as

$250 per unit.

Total Cost of Goods sold therefore is

800 x $250 = $200,000

Step III - Calculate Gross Margin

= $\frac{400,000-200,000}{400,000}$

= $\frac{200,000}{400,000}$

= $\frac{1}{2}$ or 0.5%

Cheers!

7 0

3 years ago

Al invested $7,200 in an account that pays 4 percent simple interest. how much money will he have at the end of five years?

Gre4nikov [31]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Below are the choices that can be found form other sources:

A. $8,710
B. $8,056
C. $8,640
D. $8,678
E. <span>$8,299
</span>
The amount of money will he have at the end of five years is C $8,640

4 0

3 years ago

PLEASE HELP ASAP!!!

vredina [299]

The answer could be any of these. This is not a fair question.

I believe that question is trying to get you to lean towards answer C because theoretically your family would know your character better than a bank might.

4 0

3 years ago