The major reason that firms form a cartel is to maximize joint profits. The Option D is correct.
<h3>What is a cartel?</h3>
A cartel refers to the association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic influence on the production or sale of a commodity. The most common arrangements of cartel are aimed at regulating prices or output or dividing up markets.
According to economist, the main justification for the establishment of cartels is for the protection from ruinous competition, which, it is alleged, causes the entire industry’s profits to be too low.
A cartelization provide for distributing fair shares of the total market among all competing firms and the most common practices employed by cartels in maintaining their industry’s monopoly position including the fixing of prices, the allocation of sales quotas or exclusive sales territories.
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Full question:</u></h3>
Students, faculty, and staff at Flint River College interact with each other as they all contribute to the mission of the college in various ways. They also have identification cards that mark them as belonging on the campus. This social network would be defined as a(n)
A. Formal organization
B. Informal organization
C. Primary group
D. In-group
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Answer:</u></h3>
This social network would be defined as a(n)
Formal organization
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A formal organization is a social arrangement structured by explicitly placed laws, purposes, and systems and that functions based on a range of labor and a precisely established authority of power. Representatives in the community are wide-ranging and cover firms and corporations, institutions, and management.
Formal organizations are intended to accomplish specific goals by the cooperative work of somebody who is its segment. Formal organizations as social systems that endure as the whole of the social connections amongst and within individuals and the characters they represent.
Answer:
interpretive sociology
Explanation:
Max Weber developed the approach of interpretive sociology, which focuses on the significance of understanding motives, affectual states and actions when studying social trends and problems. For instance, a professor who enrolls as an undergraduate student in order to better understand her students' experiences at university.
Answer:
The Enlightenment challenged the old ways of thinking, and it made people think about new ideas.
Explanation:
Answer:organizing
Explanation:
Organizing is crucial in an organization or business in order to establish a proper working plan and structure to move the business forward because without organising all tasks and roles there won't be a proper way to follow for the business to move forward and succeed.
Organizing includes several things such as delegating tasks , assigning those tasks into department , delagating authority , managing resources in a way that they are distributed to all part of the organization and what ever path that need to be followed to achieve a set goal.
