Why is collusion or coordination (such as cartels) not prevalent in the United States and other developed countries?

Q: Which of the following statements about close buyer-seller relationships in business markets is…

A: Exchange refers to the activity of give an take. It includes a buyer giving money to the seller in…

Q: If bribery is common in a particular country, what effect will it have on the nation’s economy and…

A: A country in which bribery is common will not be able to function properly because corruption…

Q: What is the value base of communitarian capitalism?

A: The philosophy of communitarianism emphasises the individual's relationship to the greater…

Q: If bribery is common in a particular country, what effect will it have on the nations economy and…

A: Bribery: It means the act of offering money or any valuable thing for persuading them to do…

Q: Are there ethical reasons why freedom of contract should not be upheld by the law?

A: When all is said in done, be that as it may, freedom of contract is predominantly unprotected under…

Q: Explain the impact of corruption from an economic perspective!

A: World Bank states corruption is a type of dishonesty or criminal act committed by an individual or…

Q: describe the twotypes of economic systems: capitalismand command economy?

A: The economies around the world work on the basis of different systems. The economies have different…

Q: Why is the government sometimes a part of the problem of coordination failure rather than the…

A: Coordination is maintained when all the members of a group cooperate with each other in order to…

Q: How did Adam Smith justify the ethics of capitalism?

A: Adam Smith's theories are frequently regarded as the foundation of modern capitalism. He advocated…

Q: "…two prostitutes came to the king (Solomon) and stood before him. One of them said, ‘My lord, this…

A: Asymmetric information refers to the situation where one party has a better knowledge than the other…

Q: Define the parts of Hegemony and use an example to explain how it works.

A: Hegemony is the act of social dominance by one social group over another in the aspects of value and…

Q: While fascist movements emerged in virtually every industrial capitalist country after World War I,…

A: After the World War 1, Germany was suffered lot. The treaty of Treaty of Versailles was vied by…

Q: How do bargaining and command relations affect the size of profits created in a capitalist firm?

A: Let's we show that the as In a capitalist company the magnitude of the profit is affected by what…

Q: Under which of these conditions is terrorism most likelyto occur?____ a. countries that are…

A: Terrorism is an unfair activity for social, economic, and political aspects of an economy.

Q: Which of these is the rate at which sales opportunities are closed, as expressed by a percentage?…

A: There are many types of financial ratios which help us understand different things.

Q: What is collusion in economics

A: Answer to the question is as follows:

Q: Why is Silicon Valley considered as one of the ideal models of entrepreneurial ecosystem? Provide…

A: Silicon Valley is a good example for entrepreneurship ecosystems all throughout the planet and it…

Q: How would you use a partial equilibrium to prove a bubble is possible?

A: Partial equilibrium can be defined as a condition of economic equilibrium which mulls over just a…

Q: Are the economic, power, and prestige dimensionsrelated?

A: People use money for various purposes. There are business cycles which have to be known by the…

Q: Discuss the nature of global terrorism.

A: The term global terrorism signifies any act of violence intended to trigger mass societies of a…

Q: How does monopoly regulation methods ensure a more fair and balanced system?

A: When a single business has such control over an industry or sector that it effectively eliminates…

Q: What type of commerce is "buying from vending machines" exemplify!

A: Vending machines help to provide the service which will be new and innovative and that will enhance…

Q: Politicians and citizens may often choose policies that reduce economic efficiency because they are…

A: Policies: It is a system used to guide decisions and achieve rational outcomes.

Q: How did sectarian violence influence the shaping of some parts of the West?

A: The sectarian violence is also known as the sectarian strife and this was inspired from the…

Q: Describe what mercantilism is.

A: Mercantilism was an economic philosophy and popular practice in Europe from the 16th to the 18th…

Q: The results expressed in the Bertrand model are often referred to as the “Bertrand Paradox.” Why do…

A: Bertrand model is defined as a model of Oligopoly , where the firm independently chooses the prices…

Q: How can oppotunity cost affect behavior?

A: In microeconomics, opportunity cost refers to the loss or advantage that might have been realized if…

Q: What is the economic impact of power quality on consumer side?

A: Power quality: Power quality alludes to the capacity of electrical equipment to devour or consume…

Q: Can the central-city dilemma be solved?

A: Central City dilemma can be solved.

Q: Defend the claim that china has adopted mercantilist theores

A: Mercantilism was supported the thought that a nation's wealth and power were best served by…

Q: What is overconsumption doing to our health?

A: The economies around the globe operate with the help of actions, and activities done by various…

Q: Discuss how conflict can Manifest itself.

A: The conflict between employees in the workplace is fairly prevalent, even in small businesses. Even…

Q: Adam Smith's concept of the market system     a) would not work without the preponderance of greed…

A: Adam Smith was a Scottish philosopher in the 18th century who was also known as the father of modern…

Q: What are the key elements of the scientifific method and how does this method relate to economic…

A: The methodology used by economists to determine economic laws or values is the scientific method. To…

Q: Is it the only goal of economicpolicymakers?

A: A person held accountable for or being involved in the policy formulation process is known as the…

Q: The distinctive way of life allegedly developed in urban areas is referred to as __________.

A: When a large proportion of world's population lives in urban areas then it is referred to as…