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
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.

You might be interested in
The office of management and budget is one of the most powerful agencies in washington because it __________.
matrenka [14]
<span>This office manages the country's money. The budget is important because all of the government programs are given a certain amount of money in it. It must be followed so we have enough money to do what is needed in this country. Welfare, security and other important programs are in the budget.</span>
6 0
3 years ago
What is the expected cashflow of the company XYZ in year 1 if its EBIT in year 1 is $270,000, depreciation is $85,000, change in
vitfil [10]

Answer: b. 233,500

Explanation:

The expected cashflow is;

= (EBIT * (1 - tax) ) + Depreciation - change in net working capital - capital expenditure

= (270,000 * (1 - 25%)) + 85,000 - 19,000 - 35,000

= $‭233,500‬

3 0
3 years ago
Riverbed Corporation issued 1,900 shares of $10 par value common stock upon conversion of 950 shares of $50 par value preferred
masya89 [10]

Answer:

The answer is given below;

Explanation:

 Preference stocks  950*50    Dr.$47,500

 Paid in capital in excess of par-preference shares  Dr.$  13,300                                  

 (64-50)*950

  Common Stocks  1,900*10        Cr.$19,000

  Paid in capital in excess of par-common stocks    Cr.$41,800

   (64*950)-(1900*10)                                        

8 0
3 years ago
PLEASE HURY
horsena [70]

Answer:

your answer is C I am not 100% sure

7 0
3 years ago
How are technology and technical profession related ? use example to write answer<br>​
dlinn [17]

Answer:

Technician and technologist are two different terms. However, these two terms are interrelated. ... A technician has a good knowledge of the general principles of the field he is in, whereas, a technologist is a person who is completely aware of various technologies. A technician works under a technologist.

8 0
2 years ago
Read 2 more answers
Other questions:
  • When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
    14·1 answer
  • Below are various states of financial distress: 1. defaulting on a principal payment on debt 2. restructuring debt 3. liquidatin
    9·1 answer
  • Millstone Company produces only one product. Normal capacity is 20,000 units per year, and the unit sales price is $5. Relevant
    15·1 answer
  • __________ unemployment results when the demand for labor varies during the year.
    9·1 answer
  • Your company's intranet Web server has crashed. You must help re-create the server. A server administrator has copied a script f
    7·1 answer
  • The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order? Fin
    14·1 answer
  • Suppose the demand for peaches decreases. what will happen to producer surplus in the market for peaches?
    12·1 answer
  • Wilcox Electronics uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Ide
    15·1 answer
  • Career question easy below :)
    12·1 answer
  • An employee compiled sales data for a company once each month. The scatter plot below shows the sales (in multiples of $1000) fo
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!