2.1.3 Briefly describe the concept collusion. 2.1.4 Explain briefly the pattern of Mawethu's MC curve. 2.1.5 Determine the missing values for A and B. Show all the calculation 2.2 Use a well labelled graph to explain the shape of the AC curve. QUESTION 3 3.1 Why should entrepreneurs operate under the conditions of perfect marke 3.2 Evaluate the impact of political instability on the country's economy. 16

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Answer 1

A non-competitive, covert, and occasionally illegal agreement between rivals that aims to upset the market's equilibrium is known as collusion. Collusion occurs when individuals or businesses that ordinarily compete with one another decide to band together instead in order to acquire an unfair competitive advantage.

The term "collusion" describes an unspoken, frequently illegal arrangement or understanding between two or more individuals to act concertedly in order to obtain an unfair advantage or influence a certain circumstance. By working together to influence, deceive, or injure others—often by stifling competition or participating in anti-competitive behavior—individuals, groups, or businesses commit this crime.

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Related Questions

Why does Switzerland have such a high HDI?

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What is HDI?

HDI stands for Human Development Index. It measures how developed a country is based on three things: how long people live, how much they know, and how much they earn.

Why does Switzerland have a high HDI?

Swiss people live very long lives, an average of 83 years. This is because Switzerland has excellent healthcare and quality of life.

Swiss people are very well-educated. Adults in Switzerland go to school for an average of 13.4 years, one of the highest in the world. Education in Switzerland is high-quality and accessible to all.

Swiss people earn a lot of money. The average Swiss person makes over $80,000 a year, one of the highest in the world. This means the Swiss population enjoys a very high standard of living.

Switzerland also ranks highly in other measures like safety, environment, and happiness. People live in a clean, low-crime environment and tend to lead satisfying lives.

Summary

In short, the Swiss live long lives, have great education and jobs, make good money, and enjoy an amazing quality of life. That is why Switzerland tops the HDI rankings as such a highly developed nation.

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Why are much of Antarctica's natural resources yet to be explored?
A thick ice sheet covers most of the land.
Concerns that mining will harm penguin colonies.
Summer thawing makes the continent interior too swampy.
Nations refuse to agree on mining rights.

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The reason why much of Antarctica's natural resources yet to be explored is D. Nations refuse to agree on mining rights.

Why has Antarctica not been explored fully ?

The issue of mining rights and resource ownership in Antarctica remains a contentious topic among nations. The Antarctic Treaty System, which governs the continent, prohibits commercial mining until at least 2048.

There is a lack of consensus among countries regarding the exploitation of Antarctica's resources, with some advocating for strict conservation while others expressing interest in resource extraction. The interior of Antarctica, where potential resources might exist, is characterized by vast expanses of frozen terrain.

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People also ask What is the solution of rural depopulation? What are the two main causes of rural depopulation? What are the causes of rural depopulation in geography? ... L

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The solution to rural depopulation lies in addressing limited economic opportunities and inadequate infrastructure in rural areas.

The solution to rural depopulation lies in addressing its underlying causes and implementing targeted interventions. Two main causes of rural depopulation are limited economic opportunities and inadequate infrastructure. Insufficient job prospects push people, especially the younger generation, to seek better livelihoods in urban areas. Additionally, the lack of essential services such as healthcare, education, and transportation makes rural living less attractive. Geographical factors can also contribute, such as isolation, harsh climate, or vulnerability to natural disasters. To combat rural depopulation, governments should focus on developing rural economies by promoting entrepreneurship, investing in infrastructure, and diversifying industries. Enhancing access to education and healthcare, along with improving transportation networks, can improve the quality of life and make rural areas more appealing. Additionally, efforts to address specific geographical challenges and promote sustainable rural development can help counter depopulation trends.

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