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stellarik [79]
3 years ago
14

What is an agreement among firms to charge one price for the same good called?

Social Studies
2 answers:
Oksi-84 [34.3K]3 years ago
4 0

Answer: Price fixing

An agreement among firms to charge one price for the same good is called price fixing.

Explanation:

Price fixing refers to an agreement between businesses or competitors to sell their goods (products) or services at a certain price point. They can raise, lower or stabilizes prices or competitive terms. This is done in order to maintain profit margin. Price fixing among competitors is illegal because the antitrust laws require or state that each company establishes prices and other terms on their own, without agreeing with a competitor firm.

Soloha48 [4]3 years ago
3 0

price fixing

its on quizlet :)

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Which contingency in a behavioral contract involves the loss of a reinforcer when an undesirable behavior occurs, the loss of the reinforcer will be a penalty. This is further explained below.

<h3>What is a penalty?</h3>

A penalty can simply be defined as a punishment levied for violating a law, regulation, or contract.

In conclusion, the loss of the reinforcer will be a penalty that he will pay for his undesired behavior.

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2 years ago
Alpine glaciers include all of the following except alpine glaciers include all of the following except:________
Gennadij [26K]

The correct option is A. Alpine glaciers include all of the following except an ice cap.

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<h3>Why are Alpine glaciers important?</h3>

Massive supplies of drinkable water from glaciers are available in desert conditions. Snowmelt provides fresh water to the people who live in La Paz, Bolivia. Glacial melt, however, supplies the critical water supply when precipitation levels are low.

High mountains all throughout the world are home to Alpine glaciers, also known as Mountain glaciers. It is referred to as a valley glacier when a mountain glacier enlarges and starts to flow down the valley.

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5 0
1 year ago
Assume labor and capital are the only two inputs. Digitopolis is a capital-abundant country that produces personal computers and
chubhunter [2.5K]

Answer:

Following the Ricardian Model of Comparative Advantage, <u>both Digitopolis and the labor-abundant country will specialize at producing  what each does best, according to its factors endowment.</u>

This means that <u>Digitopolis will shift its production to computers</u> as it is a capital intensive activity and <u>its opportunity cost </u>for computers production is lower,<u> while the second country, being labor-abundant, will specialize on producing fax machines.</u>

Explanation:

The Ricardian Model of Comparative Advantage assumes that countries benefit from international trade as they will specialize in producing goods where they hold comparative advantage, that is, where their opportunity cost is lower. The opportunity cost describes the trade-off between choosing to produce one good or the other based on inputs availability and efficiency. In this case, capital is abundant in Digitopolis, so it is evident that the opportunity cost of shifting output to a capital-intensive industry (computers) will be less than producing labor-intensive goods (fax machines).

Being a capital-abundant country, for Digitopolis the opportunity cost of producing fax machines is higher than for producing computers, so it is less efficient for this country to focus on producing fax machines. <u>Thus, it will be more productive that it specializes on producing computers. </u>

On the other hand, considering that the second country is labor-abundant, it is better that it specializes on producing fax machines, as its opportunity cost here is lower.

Finally, <u>both countries will benefit from trade</u>, as overall production of computers and fax machines will increase. Digitopolis will produce much more computers and the second country more fax machines than in the pre-trade situation, because both countries will be employing their inputs more efficiently and productivity will increase.

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3 years ago
How did colonists react to britain's economic policies ?
puteri [66]
The colonists were unhappy with the way things were going. Each new tax was more of a burden than before and they eventually god fed up with it, which resulted with the Boston Tea Party, and the rest is history.
7 0
3 years ago
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