Answer:
The correct answer is option A.
Explanation:
The association of De Beers and its affiliated producers is a cartel.
A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.
Members of a cartel can fix a higher price to earn more profit.
A Joint Venture is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.
An organization or organization is an entity, such as a company, institution, or association, made up of one or more people and having a specific purpose. The word comes from the Greek word organon, which means tool or instrument, instrument or organ.
The definition of organization refers to the act of putting things in logical order, an efficient and methodical approach to a task, or a formally assembled group of people. Clearing out your desk and putting all your papers in a logical place is an example of organization.
Learn more about organization here:brainly.com/question/19334871
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<span>Answer: This means that income is 8.5 times greater than his annual interest expense. In other words, it can afford to pay additional interest expenses.</span>
Answer:
There would be a surplus of 2,000 bags, and producers would be happy with the law.
Explanation:
Unlike a price floor that prevents the price of movie theater popcorn from falling below the equilibrium price level of $15, a price ceiling of $5 prevents the price of movie theater popcorn from rising above $20. When a price ceiling is set above the equilibrium price, the quantity supplied exceeds the quantity demanded by 2,000 packets of popcorn, and there will be a surplus supply.
