Examlex
The use of data analytics will likely result in significant changes to clients' expectations of their auditors.Which of the following is most likely not one of those expected changes?
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often illegal or regulated by law.
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
Cartel
An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
Marginal Cost
The increase in total cost that arises from producing an extra unit of output.
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