Three companies, Optimax, Megachug, and Thirstoid, each with about the same market share, dominate the sports drink market. In an attempt to increase profits, the three companies coordinate their actions and agree to restrict their collective output of sports drinks, thereby increasing the price of sports drinks in the market. This is an example of:A price warPrice leadershipA cartel
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Three companies, Optimax, Megachug, and Thirstoid, each with about the same market share, dominate the sports drink market. In an attempt ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Haidy consumes Pepsi exclusively. She claims that there is a clear taste difference and that competing brands of cola leave an unsavory taste in her mouth.
Answers (2)
Which statement describes the role of a mitochondrion in providing a body with energy?
Answers (1)
At the beginning of 2021, Brad's Heating & Air (BHA) has a balance of $24,200 in accounts receivable. Because BHA is a privately owned company, the company has used only the direct write-off method to account for uncollectible accounts.
Answers (1)
Multicountry competition refers to a market situation where
Answers (1)
Rocco earns $19.00 per hour for straight time (40 hours), and the company pays him time-and-a-half for overtime. he worked 49 hours at his job during the first week of march 2017. what was rocco's gross pay for the week?
Answers (1)
New Questions in Business
Financial institutions are more diversified today than they were in the past, when federal laws kept investment banks, commercial banks, insurance companies, and similar organizations quite separate.
Answers (1)
Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $4.00, variable costs are $2.00 per dozen, and total fixed costs are $1,200.00. What are breakeven sales in dollars?
Answers (1)
Looking at motivation from a content theory approach, the psychological contract suggests that, in return for time, effort, and other considerations, individuals want to receive:
Answers (1)
Over the past 30 years, the price of oil has been relatively unstable, fluctuating between $11.00 and well over $100 per barrel Which of the following potentially contributes to oil-price instability?
Answers (1)
A perfectly competitive market is one in which:Multiple Choicea. fully informed, price-taking buyers and sellers easily trade a standardized good or service. b.
Answers (1)