Answer: AGREE
Explanation:
A Monopoly faces no competition and are the only sellers of the product they sell. If firms in an industry successfully engage in collusion, the resultant effect will definitely be not unlike a Monopoly because they will set prices as a single firm, control output as a single firm and essentially run the market as a single firm.
They will sell at a rate where the Marginal Revenue curve will be below the demand curve. This will mean a higher price than a competitive market which was probably the main incentive for collusion.
A recent example would be the collusion between BMW, Daimler and Volkswagen, to hinder technological progress in improving the quality of vehicle emissions in order to reduce the cost of production and maximize profits. Thankfully this was busted by the European Commission in 2019.
Zipcar car rentals is an example of a type of innovation that is similar to product innovation except that this innovation relates to services.
Product innovation is the introduction of a new or improved good or service. This improvements may be functional, technical and so on.
Service innovation is similar to product innovation except that this innovation relates to services.
Find out more at: brainly.com/question/17218280
Answer:
Preparing, reading, capturing key ideas, and reviewing.
Explanation:
Answer:
A reference group
Explanation:
Reference groups are are set of people who are used as a standard for how to comply with social norms thereby influencing our ideas, values, behaviour, and appearance.
For example a reference group can be a set of people that have achieved a certain level of importance in a field by following a standard.
In the given scenario Blueberry Designs ads show a lifestyle that is sophisticated and timeless.
Those that follow the standards set by Blueberry designs can be said to be a reference group
Answer: Newton Grocers
Explanation: Riley Market, Newton Grocers, and Barlow Pantry are grocery stores. During physical inventory, Riley remains fully open, while Newton closes until the count is complete. Barlow falls between the others, selling only a small selection of essential items such as milk and bread during inventory. Newton Grocers would have the most accurate inventory because Newton doesn't close until the count is complete.
