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]
2 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]2 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
Cad Cream Inc, an ice cream company, has collaborated with Bite Snack Inc, a food manufacturing company, to come up with a third
tangare [24]

Answer:

A) Joint Venture

Explanation:

Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.

5 0
3 years ago
Read 2 more answers
What are the services that are rendered to the wholesalers by the retailers?​
irinina [24]
Economies of Large Scale 2. Facilitate Distribution of Goods 3. Warehousing and Marketing 4. Financial Assistance 5. Risk Bearer 6. Forecasting of Demand 7. Regulate Production 8. Stabilisation of Prices

9. Connecting Link 10. Transportation 11. Provides Market Information 12. Price Stability 13. Risk Bearing 14. Marketing Functions 15. Promotion of Goods 16. Demand Analysis and Forecasting 17. Help in Sales Organization
4 0
2 years ago
According to Herman, one of the differences of managing a nonprofit versus a for-profit corporation is
marusya05 [52]
Managing because it's non profit
4 0
3 years ago
Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage
liubo4ka [24]

Explanation:

To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of  1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is  $p(x \geq 5) \leq 0.01$

We know that for p = 0.8,   $p(x \geq 5) = 0.0452$

Now using binomial simulation, we can determine that $p(x \geq 5) \leq 0.01$ for  p = 0.0452

So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.

8 0
3 years ago
The expansionary phase of the business cycle is characterized by
Leokris [45]

Answer:

<u>increasing real output and reducing unemployment</u>

Explanation:

The expansionary phase of the cycle is business characterized by the i<em><u>ncreasing real output and reducing unemployment.</u></em>

<em> Business cycle refers to that cycle in which there is increase and decrease or fall and rise of output of goods and services.</em>

<em> Business cycle has main four stages expansion ,peak , contraction and trough.</em>

The main cause of business cycle is the forces of supply and demand , expectation of future and it availability of the capability may also cause the business cycle.

Economic cycle is another name of Business cycle . Business cycle plays a crucial rule in the economy as it influence the demand of the consumer.

4 0
2 years ago
Other questions:
  • An investment is acceptable if its irr:
    8·1 answer
  • The technological advancement allowing for _____ has created a potential for inappropriate access and/or misuse of information.
    11·2 answers
  • On November 1, 2016, Cullumber Company places a new asset into service. The cost of the asset is $78500 with an estimated 10-yea
    6·1 answer
  • Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the
    14·1 answer
  • Strategic management reflects the firm's actions to achieve its mission and vision as seen by its _________.
    13·1 answer
  • Can you please help me come up with an unused company/brand name for a company that manufactures tables. Thanks
    8·1 answer
  • In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit in
    14·1 answer
  • Read the following excerpt from a health record:
    8·1 answer
  • Saul Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated l
    6·1 answer
  • Many companies in the sharing economy have successfully taken their business to foreign markets as well. What challenges do you
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!