GoGo Gas and Fab Fuel are among the few large producers of gasoline in the country. Along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. What is such an organization called?

Answers

Answer 1
This is called a cartel

It's when companies make a decision to influence the market and raise prices for increased profit. This is often illegal but companies keep finding ways to do it by exploiting legislative loopholes that are sometimes even placed there by lobbyists through the parliament.
Answer 2

Answer:

D.

cartel

Explanation:

cartel—a formal organization of companies that collectively coordinates production and price


Related Questions

The price of ice cream increases. In 1 or 2 sentences, explain how and why this affects the quantity of ice cream cones demanded by consumers.

Answers

As the price of ice cream increases, so the demand by consumers may decrease, decreasing the quantity of ice cream cones demanded (provided that all consumers eat ice cream with a cone!)

Each consumer has different tastes and preferences, so each has a different utility when consuming a product. This mirrors the price at which each consumer is willing to pay. Some who like ice cream tend to pay a higher price, others do not. That way, if ice cream rises in price, some people who previously demanded ice cream will stop buying. Only consumers who value ice cream will pay a higher price. Therefore, demand is lower after the price increase.

Why is employee turnover a problem for a business?

Answers

1) The costs of hiring and training new personnel is very costly. 
2) With high turnover, you are losing out on the good experience of the individuals.

Answer: Employee turnover is a problem for business because of the cost in employing and training new employees. It also causes problem to the business’s name and productivity.

Explanation:

Employee turnover is known to be number of employees that exit a company which might be as a result of retirement or otherwise and  the numbers of those that are being employed in order to replace them. There are involuntary and voluntary employees turnover. Voluntary turnover happen when employees resign from an organization and involuntary turnover happen when employees are told by employers to leave the organization. Hence, employee turnover is a problem for business because of the cost in employing and training new employees and it also causes problem to the business’s name and productivity.

It is the ______ of accounting professionals to use professional and moral judgment while dealing with clients or organizations.

Answers

Answer: responsibility

Explanation:

Which tone would be most appropriate for a cover letter to accompany your resumé? friendly, but business-like casual and sincere humorous and playful scholarly and impressive

Answers

The answer is: 
__________________________
[A]: friendly, but business-like .
__________________________

A - Friendly but business like

What is a person’s taxable income?

A. all personal exemptions and deductions

B. gross income after subtracting exemptions and deductions

C. the gross income received from salaries, wages, tips, and commissions

D. all income withheld by an employer and sent to the federal government

Answers

I'ts not the C, gross income received from salaries, wages, tips, and commissions. I just chose that on my quiz and got it wrong. I did a little more research after that and now I believe it is

B, gross income after subtracting exemptions and deductions.

A person’s taxable income is described by gross income after subtracting exemptions and deductions. The correct option is B.

The term taxable income refers to any net income earned that's utilized to calculate the sum of the charge on income paid to the government.

Taxable income is the amount of salary that's subject to government salary or any other income charges. It is calculated by taking your net salary and subtracting your exceptions and conclusions.

Exceptions are a dollar-for-dollar lessening in your assessable pay, whereas findings decrease your assessable salary by a certain rate.

Therefore, option B is the correct option.

Learn more about Taxable income, here:

https://brainly.com/question/32994495

#SPJ6

What is an example of a federal government regulation that influences disease prevention by deterring tobacco use?

Flavors being added to tobacco products
Laws against selling tobacco products to minors
No smoking areas in restaurants and hotels
Stores that decline to sell any tobacco products

Answers

An example of it are laws against selling tobacco products to minors. This will prevent the disease of tobacco use because minors are not allowed to buy it. At an early age, these minors should not practice smoking because it can cause diseases such as lung cancer.

Answer: Laws against selling tobacco products to minors

Explanation:

A federal government can control tobacco use by enforcing law that prevent the selling of tobacco to minors.

Other options are not valid as flavors being added will induce more use of tobacco. No smoking areas in restaurants and hotels is not a government regulation.

So, the only possible option of a government regulation can be binding law against tobacco selling.

Communicating with people you know or meet to share information or advice about a job defines _____.

Answers

The answer is career fair.

Answer:    D

Explanation:

Roberta's monthly bank statement says that she has a balance of 386.29, but Roberta's check register says that her balance is 370.77. Which of the following are still outstanding? I. A $78.17 check to the electric company II. A $16.15 deposit from Roberta's roommate III. A $22.67 check to the grocery store IV. A $62.65 deposit from Roberta's tax return a. I and II b. II and III c. II and IV d. I and IV

Answers

Answer:

option d. 1 & 4

Explanation:

Roberta's account balance as per bank statement = $386.29

Her account balance as per her check register = $370.77

The difference of balance = 386.29 - 370.77

                                            = $15.52

Some transactions are still pending for bank. there are 4 options.

1. A check to electric company = $78.17

2. A deposit from her roommate = $16.15

3. A check to grocery store = $22.67

4. A deposit from tax return = $62.65

After seeing all options, one deposit and one check is pending. Deposit value must be $15.52 less than the check amount.

The difference between option 1 & 4 =  78.17 - 62.65 = $15.52

Option d. 1 & 4 is the answer.

Final answer:

The outstanding transaction seems to be Option II: A $16.15 deposit from Roberta's roommate. This is because it is the only transaction that brings the balance from Roberta's check register to match her bank statement.

Explanation:

By comparing the two balances given, we can determine that the difference between them is $15.52. When considering the four options, it seems that Option II: A $16.15 deposit from Roberta's roommate is the closest. This suggests that Roberta's roommate's deposit has not yet posted to her account, as the bank does not yet recognize this amount. So, Roberta's bank statement and her check register would align after this deposit posts.

The options involving checks to the electric company or grocery store, or the deposit from the tax return, could not be outstanding given that their values do not match the difference between the bank statement and check register balances.

Learn more about Bank Statements and Balances here:

https://brainly.com/question/32199782

#SPJ6

Calculate the single risk premium (to 2 decimal places) to be charged today on an insurance product that pays regular claims of $500 in 1,2,3,...,25 years from today. Use an interest rate of 4% per annum.

Answers

Final answer:

The single risk premium is calculated by finding the present value of each $500 claim to be paid over the next 25 years at a 4% annual interest rate and summing these values.

Explanation:

To calculate the single risk premium to be charged today on an insurance product that pays regular claims of $500 for each of the next 25 years at an interest rate of 4% per annum, we need to calculate the present value of each of those payments and then sum them up. This can be done using the present value formula for each individual payment:

Present Value (PV) = Payment / (1 + r)^t

Where 'r' is the interest rate (4% or 0.04 in decimal form) and 't' is the number of years until the payment is made.

To calculate the sum:


 Calculate the present value of each $500 payment this way:
 PV1 = 500 / (1 + 0.04)^1
 PV2 = 500 / (1 + 0.04)^2
 ...
 PV25 = 500 / (1 + 0.04)^25
 Sum all present values to get the total present value:
 Total PV = PV1 + PV2 + ... + PV25

The total of these present values will be the amount of the risk premium that should be charged today to cover the claims.

Suppliers will keep raising prices in a certain market as long as _____.

Answers

Suppliers will keep raising prices as long as there is excess demand, & quantity demanded exceeds the quantity supplied. Hopes this helps

Answer: When the excess demand and the quantity demand exceeded the quantity supply  

Explanation:

  The supplier keep rising the product and the services prices in the market as long as the quantity and the excess demand exceed the supply quantity. The excess supply is the type of situation where the market process are above to the equilibrium prices.  

 The excess demand of the services and the product happens when the amount provided surpasses the amount requested; surpluses happen when the cost is over the balance cost. The real measure of a decent or administration makers are happy to sell at some particular cost.

Samantha has a loan with an interest rate of 6.67 percent now, but the rate could increase 2 percent next year. What lending term best describes this loan?

1)finance charges
2)fixed rate loan
3)APR
3)variable rate loan

Answers

Based on the given description above, the correct answer would be option 4. If Samantha has a loan with an interest rate of 6.67 percent now and it could increase at 2 percent next year, this lending term is called the variable rate loan. This kind of loan has an interest that varies as market interest rates change. Hope this helps.

Answer: 3 Variable Rate Loan.

The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.

Which phrase defines “consumerism” best?

how ideas or things (e.g., inventions) are used and interpreted by people
the concept that a high rate of consumption and spending are the basis for a sound economy
a class or category of artistic endeavor having a particular form, content, or technique
the mental process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion

Answers

Answer;

-The concept that a high rate of consumption and spending are the basis for a sound economy.

Explanation;

-Consumerism is the theory that a country that consumes goods and services in large quantities will be better off economically.

-Consumerism is credited with a movement towards consumer protection that promotes improvement in safety standards and truthful packaging and advertisement. It also seeks to enforce laws against unfair trade practices and truthful product guarantees.  


One result of market economies are companies which compete with each other.

True or False?

Answers

I am pretty sure that the statement " One result of market economies are companies which compete with each other." is TRUE, because if the company is already establsished and able to compete with others, in business it is usually consiedered as sort of result.
Hope it helps!

ANSWER: TRUE

EXPLANATION: The sentence is true that the result of market economies are companies competing with each other. In a market, if there are no competitions between companies, then the market can not be termed as healthy.

The competition between the companies create ups and downs in the market and simultaneously create demand for a particular product or service. The rival companies try to create a better product or service by innovation and try to grab more consumers at better pricing. These exercises create rotation of money in the market thus making better economies of the market as well as of the country.

Other Questions
2. Alice Hall, who loves to cook, makes an apple cake (serves 6) for her family. The recipe calls for 2 1/2 pounds of apples, 2 1/4 cups of flour, 1/5 cup of margarine, 1 1/4 cups of sugar and 4 eggs. Since guests are coming, she would like to make this cake so it will serve 24. How many pounds of apples should she use? ...? A bedroom set lists for $12,000 and carries a trade discount of 30 percent. Freight (FOB shipping point) of $150 is not part of list price. Calculate the delivered price of the bedroom set including the freight. Assume a cash discount of 2 percent: Which of the following health issues is the least likely to arise from environmental factors related to climate? a. heat exhaustion b. elevation sickness c. skin cancer d. heart disease if an application is 10.8 megabytes and the download is 60% complete. How much as been downloaded? did anyone do the 2.05 enders game graphic organizer? im confused The local classic car auction raised $12,000 for local charities, the mayor is designating the funds to the childrens hospital.Which sentence error does the text make?sentence fragmentfused sentencecomma splicemisplaced modifier How can you show two objects are proportional with a table,graph, and a equation? Differentitate reversible and irreversible process Which two structures would provide a positive identification of an animal cell under a microscope?A, nucleus, vesicleB, flagellum, lysosomeC, chromatin, chloroplastD, ribosome, lysosome Which of these can be a result of inflation? Businesses grow cautious about spending The government has to cut spending The price of household items increases Workers benefit from a lower cost of living how many times does 48 go into 132 17. The extreme poverty of Dakar, Senegal, in Hip-Hop Planet is best reflected in which image? (1 point)a. When I looked into his eyes, they were bottomless oceans. b. . . . it pulled me to the earth like a hundred-pound ring in my nose. c. . . . they take every bit of . . .the half-eaten bread, rice, pieces of chicken, the chicken bones. . . to give to the children in the village. d. . . . swimming in the hotel pool with their children, a scene that resembles Birmingham, Alabama, in the 1950sthe blacks serving, the whites partying. 18. The author of Hip-Hop Planet describes the legend of the Great Rock of Toubab Dialaw in order to (1 point) a. describe an image of hope that is similar to hip-hop. b. show the lack of education of the people of Toubab Dialaw. c. describe the setting of the Chez Las restaurant to give it context. d. represent some non-French history in the story because the residents say they only learn French history.19. Which quote from Borders best describes the reason the mother and son slept in their car? (1 point)a. We sat out under the stars the night, and my mother all sorts of stories.b. Laetitia had a lot of pride, and so did my mother.c.When she was still at home, Laetitia would go on and on about Salt Lake City.d. After a week or so, I got bored and wasnt at all sad when my mother said we should be heading back home. Which of the following has a graph that is a straight line? Equation 1: y = 2x + 7 Equation 2: y2 = x 1 Equation 3: y = 2x2 + 4 Equation 4: y = 3x3 Find the value of 3x + 2 when 7+ x = 5 Escribe una carta a tu amigo en Costa Rica en espaol acerca de una maana tpica en tu familia. Cuntale a tu amigo acerca de la rutina diaria de por lo menos un miembro de tu familia y tambin tu rutina. Acurdate de usar tercera persona (l/ella) cuando hablas del miembro de tu familia y incluye por lo menos cinco verbos reflexivos. Incluye un saludo y una despidida. Tu carta debe ser de por lo menos10 frases. Which of the expressions are not polynomials? Check all that apply. A.8x^10 + 2x^5 B.5x^-1 + 4x^-2 C.x^5 + 2 D.5x^5 E.x2 +(square root of x) + 4 F.x^2-(square root of x ) -3 ...? The radius of a sphere is increasing at a rate of 2 mm/s. How fast is the volume increasing when the diameter is 80 mm? Evaluate your answer numerically. why was the mexican american war fought A ball is tied to the end of a cable of negligible mass. The ball is spun in a circle with a radius 2.00 m making 0.700 revolutions per second. What is the centripetal acceleration of the ball? When do on loop conditions happen? (1 point)