<span>The fact that May 31 is a Wednesday is not as important as May 31 is Memorial Day (a federal holiday) and normally a paid holiday for full-time employees. The employees would still get paid on Friday, June 2; the question is whether they will get paid for a 5-day work week or a 4-day work week.</span>
Answer:
A comparative advantage
Explanation:
This is because with oppurtunity costs we are comparing between options.
Independent Regulatory Boards and Commissions, Government organizations that direct different businesses, businesses or financial segments. They are shaped and concurred by power by Congress to control a particular industry, and there are 38 of these offices some of which includes the FCC and the FAA
Answer:
Niether firm cheats on the cartel agreement; Gary Cheats on the cartel agreement and Frank doesn't.
Explanation:
Gary's Gas and Frank's Fuel are examples of a duopoly.
A duopoly is when two firms dominate an industry.
A cartel is when firms come together collusively in order to increase their profits.
A cartel involves either agreeing on the price to sell a product or the quantities of a product to produce.
When two firms form a cartel and one firm cheats on the agreement, the party that cheats earns the highest profits.
When two firms form a cartel and both firms cheat on the agreement, both parties earn the lowest profit.
When two firms form a cartel and both firms keep to the agreement, the profit earned by both firms is higher than when both parties cheat on the agreement but lower than the profit earned when one company cheats.
I hope my answer helps you