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What is a Collusive merchant?

Updated: 9/25/2023
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Q: What is a Collusive merchant?
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Why aren't the prices in a collusive oligopoly unlikely to fall?

Prices in a collusive oligopoly are unlike to fall, because if prices fall that only benefits the consumer, so the firms will not do it. Also in a collusive oligopoly firms get together and FIX the prices, which answers the question.


Difference between collusive and non-collusive oligopoly?

If in an oligopoly market, the firms compete with each other, it is called a non-collusive, or non-cooperative oligopoly. If the firm cooperate with each other in determining price or output or both, it is called collusive oligopoly, or cooperative oligopoly. Collusive oligopoly exists when the firms in an Oligopolistic market charge the same prices for their products, in affect acting as a monopoly but dividing any profits that they make. Non collusive oligopoly exists when the firms in an oligopoly do not collude and so have to be very aware of the reactions of other firms when making price decisions.


What is the definition of collusive oligopoly?

Collusive oligopoly is an industry that only contains few producers (oligopoly), in which producers agree among one another as to pricing of output and allocation of output markets among themselves. Cartel, such as OPEC, are collusive oligopolies.


Why collusive agreement in oligopoly always fragile?

because of trust...


Advantages and disadvantages of collusive oligopoly?

The disadvantages and advantages of collusion


What is the difference between a collusive and a non collusive monopoly?

A collusive monopoly limits open competition through the use of deception or misleading statements, or by defrauding others of their legal rights, or obtains an objective forbidden by law typically by defrauding or gaining an unfair market advantage. Collusion is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities, which can involve "wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties" A non collusive monopoly would not use the fore mentioned practices, and would rely more on differentiating their product.


What are the types of oligopoly?

Oligopoly is a market from where large numbers of buyers contact few sellers for the purpose of buying and selling things. The different types are a pure oligopoly, a differentiated oligopoly, a collusive oligopoly, and a non-collusive oligopoly.


What is a synonym for merchant?

What is synonym for merchant? What is synonym for merchant?


Where can you obtain internet merchant accounts?

Paypal is an internet merchant account. You can also obtain internet merchant accounts through The Transaction Group, Merchant Group, and Merchant Plus.


Who did merchant work for and why?

Who did merchant work for and why?


Was Hernan Cortes a merchant?

no he was not a merchant


What is a merchant intermediary?

merchant intermediary