Answer:
B- Attempt to restrict output in order to raise prices.
Explanation:
Cartels is similar to a group in which every member is a giant producer together they control how much product will go in the market or how much price would be charged.
<em>So</em> the basic aim of cartels is to control the prices and to achieve that there are various methods they can use, one of these methods is: They will stop the product create a shortage, and then increase up the charges.
Answer:
The correct answer is option C.
Explanation:
There is a recession in the economy. It has lead to a reduction in the construction of new houses. This has affected Lance's business adversely. Also, the banks are going to increase the interest rates for the credit or reduce the credit limit.
An expansion in the economy will be helpful for Lance's business. If feds reduce interest rates, the cost of borrowing will decrease. This will boost investment in the economy. With the increase in investment production and income increase as well. This will create more demand in the economy.
When selling the 100th widget, the firm will always receive A. less marginal revenue on the 100th widget than it received on the 99th widget.
A downward-sloping demand curve simply means that when there's a reduction in the price of a good, the consumers will purchase more of that product.
Based on the information given, when selling the 100th widget, the firm will always receive less marginal revenue on the 100th widget than it received on the 99th widget. The marginal revenue is the increase in revenue based on an additional unit of output that's sold.
Read related link on:
brainly.com/question/25472149
Negligent Higher is a claim that is made by an injured party on the basis that an employer should have known the background of the employee better.
How to avoid it?
Better background checks
Check references
