Firms have an incentive to form a cartel, but once it is formed, they have an incentive
Question:
“Firms have an incentive to form a cartel, but once it is formed, they have an incentive to cheat.” What is the specific incentive to form the cartel? What is the incentive to cheat on the cartel?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The incentive in both cases is the same to increase their profits After the cartel is formed ...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Auto-leasing companies, which have been the engine behind a surge in new car sales in the UK in recent years, are shifting into the second-hand market as they try to take advantage of a glut of used...
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds of companies offering tax preparation in a given market. The current market...
-
Jason and Mary Wells, friends of yours, were married on December 30, 2020. They know you are studying taxes and have sent you an e-mail with a question concerning their filing status. Jason and Mary...
-
Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.10 million. This investment will consist of...
-
Antimony atoms are to be diffused into a silicon wafer using both pre-deposition and drive-in heat treatments; the background concentration of Sb in this silicon material is known to be 2 ( 1020...
-
Edward Entrepreneur has an idea for a new business venture. He has designed an electronic gizmo, the Wonder Cleaner, to assist with routine household chores. Edward wants to set up a corporation to...
-
Rauch Computer Components Inc. uses a multi-column cash receipts journal. Indicate which column(s) is/are posted only in total, only daily, or both in total and daily. (a) Accounts Receivable. (b)...
-
Try replacing Batch Normalization with SELU, and make the necessary adjustments to ensure the network self - normalizes ( i . e . , standardize the input features, use LeCun normal initialization,...
-
Is an oligopolistic firm a price taker or a price searcher? Explain your answer.
-
How is a monopolistic competitor like a monopolist? How is it like a perfect competitor?
-
Carlton Company is involved in four separate industries. The following information is available for each of the four industries. Instructions Determine which of the operating segments are reportable...
-
10. Determine the angle a below. 30 a 17 15 11. Determine the value of the sides x and y. Also, determine the value of the angle B. Y B 8 LO
-
4. A lens has a strong spherical aberration. If an object consists of a series of dots arranged in a cross concentric with the optical axis (Fig. 1), how does the image look like in the imaging...
-
(A) Consider a particle in one dimension in the presence of a potential V = a|x|; a > 0. The potential is infinite for x 0. Using WKB approximation find its energy. [note: the potential is with no...
-
3. A battery-powered toy travelling at 2.2 m/s drives off a diving board which is at a height above the water. If the impact speed of the toy is 7.3m/s, find the height of the diving board above the...
-
The lowest resonant frequency, in a certain string clamped at both ends, is 50 Hz. When the string is clamped at its midpoint, what is the lowest resonant frequency? (Ans: 100 Hz)
-
An average table tennis ball has a diameter of 3.81 cm and a mass of 2.6 gm. Estimate the (small) depth h at which the ball will float in water at 20°C and sea level standard air if air buoyancy...
-
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
-
Dr. Ivano Payne Just Bought An Audi TTS Coupe For $69,263.14 (Taxes Included). Audi Offered Her Financing At 1.9% (APR) And Her Monthly Payments (Over A 60-Month Term) Are $1,211.00. At The End Of...
-
Your Friend Is Able To Invest $106 A Month In A 401(K) With A Predicted Growth Rate Of 3%. Your Friend's Company Will Match 50% Of Your Friend's Contributions. How Much Does Your Friend's Company...
-
A company issued a 10-year, 3 percent coupon bond is called in three years at a price of $1050. The bond currently sells for $1075. The yield to call is?
Study smarter with the SolutionInn App