Answer:
act of collusion involves people or companies which would typically compete against one another.
Explanation:
Collusion is a non-competitive, secret, and sometimes illegal agreement between rivals which attempts to disrupt the market's equilibrium.
Answer:
answer is very long but it'll work!!
Explanation:
Some modern scholars believe that the plague killed up to 5,000 people per day in Constantinople at the peak of the pandemic. According to one view, the initial plague ultimately killed perhaps 40% of the city's inhabitants and caused the deaths of up to a quarter of the human population of the Eastern Mediterranean.
Producers specialize thus they can gain a comparative advantage in the production and increase the efficiency of the product.
Option: b and d
<u>Explanation:
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Producers choose to specialize in a particular thing because making themselves perfect in manufacturing that one thing will make them to gain a comparative advantage to the other producers. Suppose one has specialization in making cotton and woolen materials with good designs then they are superior in the field of the textile industry. And sometimes they export things which leads to a great profit for them. Hence specialization gains comparative advantage. The producers specialize as they can reduce their effort by directly producing the product simple way and this increases the efficiency of the firm.
