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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According to the Canadian Museum of History, one of the primary ways geography affected early civilizations was in determining the location of settlements. Since early humans needed access to water and fertile ground for agriculture, cities tended to spring up along rivers and flood plains. In addition, geographic features such as mountains frequently served as barriers and provided natural borders between civilizations.
Answer: commissioned.
Explanation:
Andrea Del Verrocchio’s David was commissioned by Piero de’ Medici, and was placed in front of the Palazzo Vecchio in 1476. Verrocchio cast this sculpture in bronze from a young boy of around 14 in his studio.
Make state constitutions on the highest t law of land
: The core message of the Supremacy Clause is simple: the Constitution and federal laws (of the types listed in the first part of the Clause) take priority over any conflicting rules of state law. ... The Supremacy Clause also establishes a noteworthy principle about treaties.
