The Queen does since she is in charge of the kingdom
To determine the patterns of trade between the two countries, we need to compare their respective opportunity costs of producing the two goods. A country will have a comparative advantage in the production of a good if it has the lower opportunity cost as compared to its trading partner.
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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Mate, the answer is <span>Grade inflation.</span>
I would say this depends on a kind of circus.
There is a number of circuses (the famous cirque du soleil) that do not employ animals and generally do not cause suffering to anyone: there is no reason not to visit those.
However, one should not visit the circuses that use and abuse animals: if one visits those, then one contributes, encourages and supports animal abuse. If the directors of these circuses did not expect people to visit, they would not employ and abuse the animals
