1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
podryga [215]
3 years ago
10

How collusion affects consumers and society at large?​

Social Studies
2 answers:
Mila [183]3 years ago
8 0

Explanation: Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.

Art [367]3 years ago
4 0

Answer:

Collusion can lead to High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency.

Explanation:

New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.

Easy profits from collusion can make firms lazy and avoid innovation and efforts to increase productivity.

Industry gets the disadvantages of monopoly (higher price) but none of the advantages (e.g. economies of scale)

MARK ME BRAINLIEST PLEASE ❤️

You might be interested in
__________ is the tendency for people with strong prior beliefs, when confronted with a choice, to make their decisions based on
Nataly_w [17]

Prior-hypothesis bias is the tendency for people with strong prior beliefs, when confronted with a choice, to make their decisions based on their beliefs even if their beliefs are false.

<h3><u>Explanation:</u></h3>

Decisions are important in day to day life. It is very essential for a person to think about all the alternatives and the consequences of each of them before making right decisions. Decisions that we take in certain situations has a great impact on both the decision maker and the people surrounding that person.  

In some situations, some people make decisions based on the beliefs that are prior to certain relationship between some variables. They even know that those beliefs are wrong sometimes even they have some evidence for it. This tendency of the people refers to prior hypothesis bias.  

4 0
3 years ago
Which describes the sum of potential energy and kinetic energy of object or systems? [Hint: There are 2.]
antiseptic1488 [7]

Energy Due to motion of an objects is referred as kinetic energy and energy stored due to its position is called as potential energy. Therefore sum of kinetic energy and potential energy of an object is called total mechanical energy.
Total mechanical energy=KE+PE
6 0
2 years ago
How can taking personal responsibility at home and at
wolverine [178]

Answer:

The answer is learning on your own

Explanation:

Responsiblity does not coming knocking on your door you have to own it and absolutely conquer it responsibility will help you succeed in life as you go on so the more responsible you are the more doors open in your life.

4 0
3 years ago
What important judicial power did the Supreme Court case, Marbury v. Madison, officially establish?
marishachu [46]
Judicial Review, the supreme court was involved.
7 0
3 years ago
Read 2 more answers
How do images in royal tombs show the influence of Confucianism during the Han dynasty?
katen-ka-za [31]

Answer:

Explanation: Baseball come in cartons of 84 baseballs a team orders 18 cartons of baseballs how many baseballs does baseballs come in cartons of 84 baseballs 18 orders 18 cartons of baseballs how many baseballs does the team order

4 0
2 years ago
Read 2 more answers
Other questions:
  • Which of the following members of the Continental Congress just wanted reform and not independence?
    13·2 answers
  • Select all that apply.
    13·1 answer
  • ________________ is well-established, officially governed competitive physical activities in which participants are motivated by
    6·1 answer
  • What can the pattern of recent earthquakes tell you about plate motion on the Jalisco Block?
    9·1 answer
  • d) Imagine this neuron is stimulating the ocular muscle that can move your eye at very fast rates and hence fires at the rate of
    11·1 answer
  • One reason george washington called for a neutrality policy in 1790 was to ?
    15·1 answer
  • Sherri is creative, warm and caring. person/job fit suggests one job she might be particularly effective at is:
    13·1 answer
  • What was not an outcome of the russian revolution?​
    7·1 answer
  • Describe one way the bill-to-law process creates opportunities to prevent a bad bill from becoming a law.
    6·1 answer
  • Deer are introduced into a grassland ecosystem and their population increases considerably. If the deer population continues to
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!