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What is an agreement among members of an oligopoly to set prices and production levels called?
Wiki User
∙ 12y ago
collusion
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoMonopoly
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What is an agreement among firms to divide the market or set prices or limit production called?
collusion
What kind of market structure is gm?
The market structure is called oligopoly. Oligopoly is a market structure characterized by a small number of relatively large firms that dominate an industry.
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
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.
Why is the banking industry called an oligopoly?
Olligopoly's word parts mean, few many. That means that the industry is controlled by only a few people.
Which countries are members of NAFTE?
There is no organization called NAFTE. However, there is a trade agreement called NAFTA. The members of this agreement are the United States, Canada, and Mexico.
What is an agreement among firms to divide the market or set prices or limit production called?
collusion
What agreement extended voting rights to non church members?
It's called the Fundamental orders of Connecticut
What kind of market structure is gm?
The market structure is called oligopoly. Oligopoly is a market structure characterized by a small number of relatively large firms that dominate an industry.
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
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 are Two groups that dominate commerce in one business market called?
Duopoly, a specific instance of oligopoly.
The agreement with Hitler in 1938?
It was called the Munich agreement.
What is a agreement Between two groups called?
Agreement
Agreement characterised by friendliness?
An agreement that is characterized by friendliness is often called an amicable agreement.
What is an agreement called whereby a group of people put something in a box to be opened by the last group member after all the other members have died?
A Tontine, (or Ghoul Pool)
What is an agreement by two or more nations called?
It is called an alliance or it could be a treaty depending on the context of said agreement
