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creativ13 [48]
3 years ago
10

You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is call

ed _____.
a market price
competition
collusion
Business
2 answers:
belka [17]3 years ago
7 0

You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is called <u>collusion</u> .

igomit [66]3 years ago
6 0
Is called collusion

It's actually price collusion to be precise ( not to be mistaken for the crime collusion)

Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.

In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
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Answer:

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4 0
3 years ago
Snyder's-Lance is a leading snack-food company. The following note was contained in its recent annual report:
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6 0
2 years ago
Vinny and Sandra have just had their first baby, and need to make a decision about how to handle work and child‑care responsibil
mr_godi [17]

Answer:

A. 600

B. 0

C. 0

D. -1100

E. -1000

Explanation:

For part A you are asked to find the change in GDP with the addition of paying a babysitter $600. The GDP beforehand was the total income from both Vinny and Sandra which is $1200 + $1000 = $2200. For these questions, you are being asked to find a change in GDP which would simply be the addition of $600. Similiary, for part B there is no change in GDP because they do not pay Sandra's mother, so the change in GDP is 0. For part C, since the payments are not reported, there is no change in GDP. Part C can be thought of as a reference to the shadow market and GDP from the shadow market is not recorded. Part D has a negative 1100 because they each go back to work part-time, Vinnie earning $500 per week and Sandra earning $600. The change in GDP would be negative because they are losing 1100 in order to care for a new child. For part E, Vinnie gives up all his income which would normally amount to $1000 per week. The change in GDP is therefore negative.

6 0
3 years ago
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