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What is it called when sellers secretly agree to set production levels or prices?
Collusion:
1. secret agreement for a fraudulent purpose; connivance; conspiracy
2. (Law) a secret agreement between opponents at law in order to obtain a judicial decision for some wrongful or improper purpose [from Latin collÅ«siÅ, from collÅ«dere to collude]
collusive adj
From: http://www.thefreedictionary.com/collusion
What else can I help you with?
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What is an agreement among members of an oligopoly to set prices and production levels called?
collusion
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
What does the constant returns to scale graph illustrate in terms of production efficiency and output levels?
The constant returns to scale graph shows that as production increases, output levels also increase proportionally. This indicates that production efficiency remains constant as output levels grow, resulting in a linear relationship between input and output.
Where on a production possibilities curve an economy working below its most efficient production levels is shown?
At any point of underutilization/any point inside of the curve
What is levels of production?
what is levels of production
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What is an agreement among members of an oligopoly to set prices and production levels called?
collusion
What is product levels?
what is levels of production
What are the three levels of production?
Core customer value actual product augmented product
An economy working below its most efficient production levels?
An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.
What are the basic controllable variables of a production planning problem?
Production Rate, Work Force Levels, and Inventories.
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
What does the constant returns to scale graph illustrate in terms of production efficiency and output levels?
The constant returns to scale graph shows that as production increases, output levels also increase proportionally. This indicates that production efficiency remains constant as output levels grow, resulting in a linear relationship between input and output.
How do you measure the levels of production in a business?
The best way to measure the levels of production in business is to establish benchmarks and then measure productivity over time. You can choose to measure productivity every three months.
Hormone that regulates the rate erythrocyte production is called?
The hormone that regulates the rate of erythrocyte (red blood cell) production is called erythropoietin. It is produced mainly by the kidneys in response to low oxygen levels in the blood. Erythropoietin stimulates the bone marrow to produce more red blood cells to increase oxygen delivery to tissues.
How is androgen production controlled?
LH triggers the interstitial cells of the testes to produce testosterone. Testosterone levels are are measured by the pituitary gland and if the levels are high enough, the pituitary gland shuts off the secretion of LH. Its a process called negative feedback.
