A Group of Firms That Collude to Limit Competition Is

question 123

Multiple Choice

A group of firms that collude to limit competition is called a/an:

• A)conglomerate.
• B)oligopoly.
• C)cartel.
• D)kinked demand.
• E)market concentration.

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Definitions:

Salvage Value

The estimated residual value of an asset after it has reached the end of its useful life.

Internal Rate

Often refers to the internal rate of return (IRR), which is the discount rate that makes the net present value (NPV) of all cash flows from a particular project zero.

Working Capital

The difference between a company's current assets and current liabilities.

Net Present Value

A method of valuing a series of future cash flows by discounting them back to their present value using a specified rate of return.