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
aivan3 [116]
3 years ago
5

If most cartel members keep their agreement to cut back production: a. it's not profitable in the short run for another member t

o increase production. b. it's profitable in the short run for another member to increase production. c. cheating by another member won't be detected. d. the losses associated with cheating are internalized by the cheater.
Business
1 answer:
Stells [14]3 years ago
4 0

Answer: b. it's profitable in the short run for another member to increase production.

Explanation:

This refers to an oligopolistic market where there are few producers of a good. These producers can come together to create a cartel that fixes prices for the goods and services they produce.

If they agree to cut back production, this will have the effect of increasing prices due to a reduction in supply. If a member decides to increase production, they would enjoy profits in the short term from the increased prices.

The other members would however respond by increasing production as well so those profits would stop towards the long run.

You might be interested in
With respect to the environment in which a business operates, factors such as competition, political and legal forces, and econo
navik [9.2K]

With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all be classified as uncontrollable elements.

What is a controllable element of the marketing environment?

  • To adapt to shifting market conditions, consumer preferences, or business goals, the controllable variables can be changed throughout time as well as typically in the short term.
  • Products, prices, promotions, distribution, and research efforts are among the variables that can be controlled.

What is the macro environment?

The main uncontrollable outside factors (economic, demographic, technological, natural, social and cultural, legal, and political) that have an impact on a firm's performance and decision-making.

Learn more about uncontrollable elements

brainly.com/question/14214121

#SPJ4

6 0
2 years ago
An accreditation agency counterpart to the joint commission for managed care organizations is
katen-ka-za [31]
<span>An accreditation agency counterpart to the joint commission for managed care organizations is called: NCQA

NCQA is the acronym for </span><span>National Committee for Quality Assurance, an independent non-profit organization which was formed to improve the quality of health care in the country.</span>
8 0
3 years ago
If you spend 8.50 for lunch on Monday 3.95 on Tuesday and 11.15 on Friday how much have you spent for lunch this week
ELEN [110]
You just add up all the numbers and you get the answer which is 23.60
5 0
3 years ago
Read 2 more answers
2 economy questions ..
kenny6666 [7]
To protect consumers from potentially dangerous manufactured goods, the us government is most likely to use : Regulation
For example, the Government will put safety regulations to ensure that all the goods are fulfilling the standard

hope this helps
3 0
3 years ago
Which of the following would be classified as a short-run decision? A restaurant's decision to increase the number of patrons it
podryga [215]

Answer:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

Explanation:

Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.

Hence, the correct answer would be:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

4 0
3 years ago
Other questions:
  • In the PACED decision-making tool, what does "A" stand for? A. Additional B. Assessment C. Add D. Alternatives
    14·1 answer
  • When looking at the statistics and opportunities available to college graduates you see that college graduates
    12·2 answers
  • Liabilities and owner's equity of a company are $150,000 and $30,000, respectively. Determine assets using the accounting equati
    12·1 answer
  • Consumers are willing and able to buy goods and services. this describes the ____ of these goods and services.
    10·2 answers
  • Assume that the amount that you have to actually borrow for your ski and bike rental business mentioned in the previous question
    6·1 answer
  • Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 9 percent. Accor
    14·1 answer
  • I don’t know anything ;-;
    7·1 answer
  • Two stars have the same color, but differ by 5 magnitudes in absolute magnitude. What stellar property must be different in the
    14·1 answer
  • Identity theft is when someone takes your personal information and steals your identity. Based on the lessons, what are some of
    10·2 answers
  • During January, Luxury Cruise Lines incurs employee salaries of $2.4 million. Withholdings in January are $183,600 for the emplo
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!