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Two kids are trying to pick some apples that are on the other side of the fence which is 1.5m high. Since there is a vicious dog on the other side, they decided to use a ladder and lean it against the fence. The ladder of negligible mass is placed at an angle of 40 to the horizontal. One kid of mass 50 kg stands at the bottom of the ladder while another kid of mass 40 kg goes up the ladder. How far up along the ladder can the lighter kid go before it tips over?
Cartel
A formal agreement among firms (or countries) in an industry to set the price of a product and establish the outputs of the individual firms (or countries) or to divide the market for the product geographically.
Monopoly Price
The price set by a monopolist, which is typically higher than in competitive markets, reflecting the monopolist's market power and lack of competition.
Patents and Copyrights
Legal tools that give creators and inventors exclusive rights to their creations and inventions for a certain period, encouraging innovation.
Collude
When two or more firms agree to work together, usually secretly, to limit competition and increase prices.
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