Which of the following gives the best definition of cartel?

a. a condition of the industry that falls between the extremes of monopolistically competitive and perfectly competitive
b. a state of the industry when a few large firms have all or most of the sales
c. a condition of the industry in which many firms compete to sell similar but differentiated products
d. a group of firms that formally collude to produce the monopoly output and sell at the monopoly price

Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests

Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade, which can be relatively low risk, is which opens several levels of involvement to company

One of the benefits of a well designed ergonomic work environment is low operating costs is true or false