Collusion occurs when companies agree to drop prices and increase production.

Contracts are a form of private law because the terms contained within a contract bind the relevant parties, not the public as a

sasho [114]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, the contracts inside the law are regulated by the Anglo-America common law that defines a contract as the agreement between two or more parties in which they establish the basis and principles of the agreement and the clauses that could cause to end the contract. Moreover, a contract is also part of the civil law and therefore that it does not implicate the public as a whole in any way due to the fact that in order to be a correct contract the parties must accept the bond between only them and nobody else.

5 0

3 years ago

Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market

Lelechka [254]

Answer:

Joint cost value based = $396

Explanation:

Given:

Company L M

Quantities produced 200 lbs 150 lbs

Market value $8/lb $16/lb

Total joint cost = $660

Computation:

Market value of L = 200 lbs × $8/lbs

Market value of L = $1,600

Market value of M = 150 lbs × $16/lbs

Market value of M = $2,400

Total market value = Market value of L + Market value of M

Total market value = $1,600 + $2,400

Total market value = $4,000

Joint cost value based = $660 × ($2,400 / $4,000)

Joint cost value based = $396

4 0

3 years ago

The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive fi

Georgia [21]

Monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

<h3>What is a monopoly?</h3>

A monopoly occurs when there is a single seller in the market.
The monopoly case is considered the polar opposite of perfect competition in conventional economic theory.
The demand curve facing the monopolist is, by definition, the industry demand curve, which is downward sloping.

<h3>What is oligopoly?</h3>

Oligopolistic markets are characterized by a small number of suppliers.
They can be found in all nations and in a wide range of industries.
Some oligopoly markets are very competitive, whereas others are substantially less so, or appear to be.

Monopolistically competitive enterprises, unlike monopolies and oligopolies, cannot influence market prices only through their size.

Therefore, monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.

Know more about monopoly here:

brainly.com/question/13113415

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Correct question:

The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive firms.

(A) cannot influence the market price by virtue of their size alone.

(B) are price takers.

(C) do not have a price as a decision variable.

(D) benefit from barriers to entry.

7 0

1 year ago

There are different standards for due process in civil and criminal cases. True or False

kobusy [5.1K]

That statement is false

Due process refers to the treatment that both parties involved in a case should experience in order to obtain a hearing. The standard for the treatment is the same for civil and criminal cases. The only thing that different between the two only the magnitude of the punishment.

7 0

3 years ago

In a table setting the tines of the dessert fork should always be facing toward the

AVprozaik [17]

The person in front of you

5 0

3 years ago

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