What is one effect of the profit motive?
(Points : 1)
It pushes companies to seek to eliminate competition.
It gives companies an incentive to raise wages.
It enables the government to have a budget surplus.
It prevents foreign companies from underselling domestic producers.

Question

What is one effect of the profit motive?
(Points : 1)
       It pushes companies to seek to eliminate competition.
       It gives companies an incentive to raise wages.
       It enables the government to have a budget surplus.
       It prevents foreign companies from underselling domestic producers.

anonymous · Answer

@flawlessswag

anonymous · Answer

It pushes companies to seek to eliminate competition.

anonymous · Answer

What unfair business practice do cartels use?
(Points : 1)
       bid rigging
       predatory pricing
       price fixing
       making misleading statements

anonymous · Answer

@Famous5

anonymous · Answer

Which is an example of bid rigging?
(Points : 1)
       A large furniture maker charges a price below production cost in order to eliminate small competitors.
       A coffee maker falsely claims that its drinks reduce the incidence of heart attacks.
       A group of music companies agrees to charge $20 for CDs.
       A defense contractor gets its competitors to agree not to seek government work.

anonymous · Answer

@hisorymasterminds

anonymous · Answer

What do consumer-advocacy groups do?
(Points : 1)
       regulate businesses
       misrepresent products
       contract with the government
       promote the interest of consumers

anonymous · Answer

@HistoryMasterminds

anonymous · Answer

Which of these is the Organization of Petroleum Exporting Countries (OPEC)? 
(Points : 1)
       cartel
       government contractor
       competition regulator
       consumer advocacy group

anonymous · Answer

Not sure, this isn't my field of expertise.

anonymous · Answer

i thought u was a history master mind this is history