A Group of Firms That Has Entered into a Collusive

question 144

Multiple Choice

A group of firms that has entered into a collusive agreement to restrict output and increase prices and profits is called

• A) a compliance.
• B) an oligopoly.
• C) a cartel.
• D) a duopoly.

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Definitions:

Barriers

Obstacles or factors that impede progress, understanding, or achievement, often requiring strategic actions to overcome.

AASB 12/IFRS 12

Refers to the accounting standard related to the disclosure of interests in other entities, requiring information about subsidiaries, joint arrangements, and associates.

Non-controlling Interests

The share of ownership in a subsidiary that is not owned, directly or indirectly, by the parent company.

Significant Restrictions

Limitations or constraints that significantly impact the use, transfer, or disposal of assets or resources.