Use the Figure to Answer the Question

question 11

Multiple Choice

Use the figure to answer the question.
-The sales figures for the Big "D" Company are shown below in a line graph. What were the total sales for the first 6 months of 2012?

• A)$286,000
• B)$64,000
• C)$366,000
• D)$302,000

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Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their profits illegally or unethically.

Collusive Agreements

Arrangements or agreements, often illegal, between competing firms to limit competition, control prices, or divide markets among themselves.

Cartel

A formal agreement among competing firms to control the market for a certain product by setting prices, limiting supply, or other restrictive practices.