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What else can I help you with?
Is price-fixing a type of collusion?
Price fixing can only be collusion if it happens due to all the firms in an oligopoly system come together to decide the price. Price fixing can also be implemented by government (especially in agriculture sector), in which case is not considered a collusion.
How would price fixing and collusion help producers?
secret
What are the three practice of oligopolies that concern the government the most?
Price Fixing, Collusion, And Cartels
What are the conditions necessary for effective price leadership?
what are the conditions necessary for price leadership
What was the collusion?
Collusion refers to a secret agreement or cooperation between parties to achieve a deceitful or illegal objective, often to manipulate markets, undermine competition, or evade regulations. It typically involves actions such as price-fixing, bid-rigging, or sharing sensitive information to gain an unfair advantage. Collusion is considered unethical and is often subject to legal penalties in many jurisdictions. Examples include corporate collusion in antitrust cases or political collusion during elections.
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 price-fixing a type of collusion?
Price fixing can only be collusion if it happens due to all the firms in an oligopoly system come together to decide the price. Price fixing can also be implemented by government (especially in agriculture sector), in which case is not considered a collusion.
How would price fixing and collusion help producers?
secret
What are the three practicing of oligopolies that concern the government the most?
Price Fixing, Collusion, And Cartels
What are the three practice of oligopolies that concern the government the most?
Price Fixing, Collusion, And Cartels
What are the conditions necessary for price leadership?
what are the conditions necessary for price leadership
What are the conditions necessary for effective price leadership?
what are the conditions necessary for price leadership
What was the collusion?
Collusion refers to a secret agreement or cooperation between parties to achieve a deceitful or illegal objective, often to manipulate markets, undermine competition, or evade regulations. It typically involves actions such as price-fixing, bid-rigging, or sharing sensitive information to gain an unfair advantage. Collusion is considered unethical and is often subject to legal penalties in many jurisdictions. Examples include corporate collusion in antitrust cases or political collusion during elections.
What term refers to independent firms that agree to eliminate price competition among themselves?
Price fixing is when companies conspire to eliminate price competition among themselves.
Why might price collusion occur in oligopolistic industries?
Price collusion may occur in oligopolistic industries because the suppliers may want to guarantee high profits for each other. If one reduces the prices too much, the other may be forced to also reduce and this may lower profits for one player.
How do I covert a price for meters into a price per 1000 meters. Ex 30000 at 0.1589 to price for 1000 meters?
Multiply the price by 1000 - in this case it's 158.90 per 1000 metres
What do you call an agreement made between companies to charge the same amount for products?
It is called "price collusion" and it is a criminal offence for companies to do this - they are rigging the market.
