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Allushta [10]
3 years ago
11

Firms colluding: a. Earn short run normal profits. B. Increase competition by firms through advances in technology. C. Earn shor

t run economic losses. D. Earn short run economic profits
Business
1 answer:
IgorLugansk [536]3 years ago
4 0

Answer:

D. Earn short run economic profits

Explanation:

A cartel can be defined as a formal agreement reached (collusion) in an oligopolistic industry between two or more business firms that are saddled with the responsibility of producing goods and services in order to make price and output decisions such as price regulation, total level of output or supply, allocation of customers, market shares, territory allocation, division of profits, collusive bidding etc.

This ultimately implies that, when a group of independent firms in an oligopolistic industry collude by reaching a formal agreement to regulate supply, as well as manipulate or regulate prices, they do so to increase their profits and market dominance.

Hence, firms colluding earn short run economic profits.

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Judy has worked in customer service for 11 years. She has learned to listen actively and communicate effectively with the custom
mixas84 [53]
C sounds most correct.
please vote my answer branliest! Thanks.
8 0
3 years ago
On October 1, 2017 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 103. Interest is paid on Octo
loris [4]

Answer and Explanation:

The journal entry to record the issuance of the bonds is shown below:

Cash Dr  ($8,000,000 × 1.03) $8,240,000

        To Bond payable $8,000,000

        To Premium on bond payable $240,000

(Being issuance of the bond is recorded)

Here cash is debited as it increased the asset and credited the bond payable and the premium on bond payable as it increased the liabilities

Hence, the same is to be considered

6 0
2 years ago
Support staff in the office of the president include who?
Alina [70]
In the question mentioned above, we are asked who are the support staff in the office of the president and this includes different people when different job description. These people are the following list enumerated below:
1. Administrators
2. The Cabinet Members
3. The reporters
4. The party leaders
7 0
3 years ago
You would like to generate a number of potential ideas. What type of thinking would best facilitate this?a. Egocentric Tendencie
hammer [34]

Answer:

The correct answer is letter "C": Critical Thinking.

Explanation:

Critical Thinking is the type of thinking that allows individuals to discriminate and have a particular judgment over a specific matter. It helps by determining accuracy and validity on that topic by gathering a certain quantity of information to then highlight the most relevant.

7 0
3 years ago
Records at Hal’s Accounting Services show the following costs for year 1. Direct materials and supplies $ 40,000 Employee costs
ruslelena [56]

Answer:

See answers below

Explanation:

a. Direct materials & supplies  $40,000 = $40,000 × 110%

= $44,000 × 20,000/25,000

= $35,200

Employee costs = $2,900,000 × 105%

= $3,045,000 × 20,000/25,000

= $2,346,000

Variable overhead = $600,000 × 100%

= $600,000 × 20,000/25000

= $480,000

Fixed overhead = $700,000 × 105%

= $735,000

b. Total costs per unit year 2 =

$3,596,000 / 20,000

= $179.81

6 0
3 years ago
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