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When two or more firms agree to collaborate on wrongful acts it is referred to as?
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When firms collude on price they also often have to agree on?
quota
What are the big four accounting firms?
The largest firms are commonly referred to as "The Big Four." These four firms are: Deloitte and Touche, Ernst and Young, KPMG, and PricewaterhouseCoopers.
Where can one find information about the concept of wrongful death in American law?
Some sites that would carry information on wrongful death in American law are Nolo and Wikipedia. One can also find information online at sites that are designed by law firms.
The potential conflict of interest between a firms owners and its managers is referred to as what?
agency
True-or false-explicit collusion means when firms explicitly compete?
It is false.It means when firms explicitly agree to co-operate rather than compete.
What is the annual income earned by US owned firms and US citizens referred to as?
Gross National Product
What example are partnership?
A partnership is defined as an arrangement where parties agree to cooperate to advance their mutual interests. An example of partnership is doctors who share an office. Law firms and accounting firms are often partnerships.
What term refers to independent firms that agree to eliminate price competition among themselves?
Price fixing is when companies conspire to eliminate price competition among themselves.
What is the difference between partnership and merger?
A partnership is a venture by two or more people. A merger is when the owners of two businesses agree to join their firms together to make one business
What is manipulation of supply?
Manipulation of Supply is when two firms in an oligopoly industry agree to limit their products so that prices rise to levels higher than those that result from free competition.
How many firms are traded on the FTSE?
There are approximately 1700 firms traded on the FTSE. The number of firms traded changes daily. New firms are added as some firms drop off the exchange.
Are profitable firms necessarily efficient firms?
yes
