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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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4.
JulsSmile [24]

Answer:

Managing your money behavior

Explanation:

Personal finance is the management of individual financial activities of generating income and expenditure. It involves the process of setting personal financial goals and making plans on how to achieve them. Personal finance entails developing personal budgets, savings and investment plans to achieve short term and long term financial goals.

Individuals may need to hire personal finance managers to help them manage their finances. The role of the personal-finance manager is to advise and help in the making and implementation of financial goals. Personal finance involves managing money behavior to achieve the desired results.

4 0
4 years ago
Assume the money supply is $500, the velocity of money is 8, and the price level is $2. Using the quantity theory of money:
LiRa [457]

Answer:

a) 2000

b) 4000

c) 2000 and 4800

Explanation:

The quantitative theory of money shows how the monetary side of an economy behaves, that is, the effect of money supply on income. It is given by the equation MV = PY, where M = money supply, V is the currency's velocity, P is the price level and Y is the real income level.

M = 500, V = 8, P = 2

a) The real income level:

MV = PY

500 x 8 = 2 x Y

Y = 2000

b) Nominal income level (price level multiplied by real income)

PY

2 x 2000 = 4000

C) If the money supply increases by 20%, ie to 600, the real income will be:

MV = PY

600 x 8 = 2.4 x Y (Y is full employment income, so the effects of money supply will be on the price level)

Y = 2000 Real income remains the same, increase in money supply does not affect real output, only price level, which increases from 2 to 2.4.

The nominal income, in turn, will be:

PY

2.4 x 2000 = 4800

That is, an increase in the money supply only increases nominal income.

3 0
3 years ago
Company debt normally takes the form of ________, and it is an asset that can be traded anywhere at any time.
weqwewe [10]

Company debt normally takes the form.of global bonds which can be traced anywhere.

<h3>What is global bonds?</h3>

Global bonds is also called Eurobond and it is a form of bond that is granted or isdued and traded using a country currency in a country where the currency of the bond is denominated. Global bonds can have a fixed or floating rate with maturities which can be between one to 30years. This kind of bond normally take place outside a country's dormain.

Therefore, Company debt normally takes the form.of global bonds which can be traced anywhere.

Learn more about global bonds from the link below.

brainly.com/question/25596583

8 0
3 years ago
Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $50,000 per
Ghella [55]
Answe answer is c I just took the same thing
7 0
3 years ago
Mountain Mack spends his time carving fishing lures and duck decoys. If Mountain Mack spends all of his time carving fishing lur
Andreas93 [3]

The completed table is:

Fishing Lures      Duck decoys

40                              0

32                               40

24                               30

16                                20

8                                  10

0                                  50

<h3>What is the production possibilities schedule?</h3>

The production possibilities schedule is a schedule that shows the two combination of goods or services that can be produced when a person's resources are fully utilized.  

In order to determine the production possibilities schedule, the opportunity cost of producing 1 fishing lure have to be determined. The opportunity cost = 10 / 8 = 1.25. Thus, the opportunity costs between fishing lures and duck carves have to be 1.25

Please find attached the table  that contains the answer. For more information about the production possibility, please check: brainly.com/question/25774783

3 0
3 years ago
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