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What is covert discrimination?
Covert discrimination is hidden or subtle discrimination. It is opposed to overt discrimination, which is open and obvious. .
How can oligopolies engage in collusion?
Collusion between companies who are otherwise competitors in a narrow field can have the same results as a monopoly or near-monopoly: control of prices and restricting other competition. Monopolies are controlled by US law, but interlocking directorates and covert cooperation among companies is more difficult to uncover and prosecute.
Why might collusion be detrimental to consumers?
Collusion is the basis for forming a monopoly. That inhibits the free market or the laws of supply and demand.
When does collusion between two firms occur?
Collusion between two firms occurs when they secretly work together to manipulate the market in their favor, such as by fixing prices or limiting competition.
How would price fixing and collusion help producers?
secret
Covert vs overt?
covert = hidden overt = out in the open/clear
What is overt and covert behaviour?
Overt behavior is openly displayed, covert behavior is concealed.
What is the difference between a covert reason and overt reason?
Covert is unknown overt is known.
What is the difference between overt and covert collusion's?
Overt collusion is where firms in an oligopoly formally set a price together, (usually high to maximize profits). This is usually done in secret because its illegal in most countries, but the main characteristic is that it is formal. I believe overt collusion is where on firm in an oligopoly reacts to a price drop in another firms from that oligopoly. For instance a competing firm drops there price from £1 to 50p, the other firms will have to otherwise they will lose profits, allthoufh this is bad for all firms because everybody loses potential profits. Am still researching this though so not 100% on overt collusion.
Is concentrating an overt or covert behavior?
its a covert behavior
What is the definition of covert and overt?
Covert means hidden, covered or secret; overt means out in the open, revealed, obvious.
What rhymes with covert?
Overt (opposite meaning)
What are the different types of behavior in psychology?
there is a two types of behavior ,the overt and covert OVERT-things that we do outwardly expressed COVERT-that cannot be seen by our naked eyes.
Explain the term covert and overt?
Covert means under cover, secret, not in the open, etc. Overt is the opposite - it means uncovered, not secret, in the open, etc.
How do you use covert in a sentence?
The covert operations will only precede the overt operations by six months.
What is cover and overt behavior?
Covert behavior is when somebody does something without others knowing (for example, covert observation is when you observe somebody without them knowing) and overt behavior is the opposite.
What is covert discrimination?
Covert discrimination is hidden or subtle discrimination. It is opposed to overt discrimination, which is open and obvious. .
