Answer:
a. For both restaurants to abide by the cartel’s agreement.
Explanation:
These type of agreements unite companies that have common interests or are in a similar industry to form an association.
Answer:
E) Bright: No dominant strategy, Sparkle: Strategy 1
Explanation:
The payoff matrix above shows the profits associated with the strategic decisions of two oligopoly firms, Bright Company and Sparkle Company. The first entries in each cell show the profits to Bright and the second the profits to Sparkle. What are the dominant strategies for Bright and Sparkle, respectively?
Bright: No dominant strategy, Sparkle: Strategy 1
By definition, opportunity cost is the cost of the next alternative that you gave up because you choose another one. In this case, there are two alternatives: the closer gas station and the farther gas station. Because you chose the cheaper but farther gas station, then the opportunity cost is $2.50 for the closer gas station.
D. A clear chain of command
Mechanistic organizations are hierarchical and very structured.
Answer:
B
Explanation:
When goods produced in a country are sold to other countries, it is known as export.
When a country purchases a foreign produced good, it is known as import
the difference between export and import is known as net export.
Net export increases when export increases and decreases when import decreases.
As a result of the sale of the computer, US net export would increase and France's net export would decrease.