Cartels Study guides, Class notes & Summaries

ECON Block 4 Exam How did economists introduce competition for the services offered by toilet suckers? - correct answer They created a system that allowed consumers to order a truck by text and the job would be given to the truck driver offering the lowest price. How did the toilet suckers' cartel prevent consumers from negotiating for a better price? - correct answer The cartel forces toilet suckers to agree on a fixed high price, so they are not incentivized to engage in competition with ...

ECON Block 4 Exam Question and answers correctly solved 2023/2024How did economists introduce competition for the services offered by toilet suckers? - correct answer They created a system that allowed consumers to order a truck by text and the job would be given to the truck driver offering the lowest price. How did the toilet suckers' cartel prevent consumers from negotiating for a better price? - correct answer The cartel forces toilet suckers to agree on a fixed high price, so they are n...

CLEP Exam - US History 1865 to Present 100 Questions and Answers 2023/2024 A Grade. 1. Which of the following best describes the experiences of most recently freed people following Reconstruction? (A) They obtained land from the Freedmen's Bureau. (B) They were forced back onto the plantations as sharecroppers. (C) They established large cooperative farms. (D) They migrated to Northern urban areas and worked as unskilled laborers. (E) They were forced to migrate to marginally fertile lan...

WGU D080 Managing in a Global Business Environment Exam 1. A farmers market has many vendors and consumers who all sell and buy the same produce at the same price. Which type of market is represented?: Perfect competition 2. A sole, national telephone company was found violating antitrust laws and was forced to separate into regional companies. What caused the violation of the antitrust laws?: Reduced competition 3. Many countries from several geographic regions are accused of dumping st...

what were the main points from Rick Mountcastle? correct answers Lead the prosecution against Purdue in 2007 Got into that because he was prosecuting over-prescribing physicians in Virginia, saw firsthand what oxycontin was doing Purdue achieved regulatory capture, which is when they are able to get insiders working for the agencies that are supposed to be regulating Purdue's industry Rick Mountcastle was unable to go against the Sackler family themselves because of their army of attor...

Drug trafficking groups have diversified their activities into lines of business such as: - Answer All of the answers are correct (Copyright Piracy, Kidnapping, Extortion) El Padrino refers to the head of the Guadalajara Cartel - Answer True Loan Sharking is one line of business Mexican drug cartels are known to have entered - Answer True Mexicans were required to have visas to enter the United States by - Answer 1929 The United States is not a major source of guns in Mexico's drug ...

WGU C211 Global Economics Final Exam ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, who may increasing...

How do monopolies hurt consumers? - lack of economic competition, corporations have the ability to raise the market price without losing customers to competition. _________________ are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. - anti-trust laws A farmers market has many vendors and consumers who all sell and buy the same produce at the same price. Which type of market is represented? - Pure competition A sole, nat...

Absolute Advantage The economic advantage one nation enjoys that is absolutely superior to other nations. Accounting Profit Total revenue minus total explicit cost Acquisition a wholly owned subsidiary is created through direct foreign investment. Administrative Policy Bureaucratic rules that make it harder to import foreign goods. Agglomeration Clustering of economic activities in certain locations. Beyond geographic advantages, location-specific advantages also arise f...

WGU D080 Final Exam - Study Guide Questions (GLOBAL) & 100% Correct Answers WGU D080 Final Exam - Study Guide Questions (GLOBAL) & 100% Correct Answers How do monopolies hurt consumers? - ANSWER - lack of economic competition, corporations have the ability to raise the market price without losing customers to competition. _________________ are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. - ANSWER - anti-trust laws A...