0
What else can I help you with?
What is second fixing LBME?
Second fixing LBMA refers to the London Bullion Market Association's daily auction process where the price of gold is determined by a group of market-making members. This process helps establish a benchmark price for gold that is used globally for trading and valuation purposes.
What do you call an agreement made between different complained to charge the same about for products?
An agreement made between different parties to charge the same price for products is typically referred to as a "price-fixing agreement." This practice is often considered anti-competitive and illegal in many jurisdictions, as it can lead to higher prices for consumers and reduced market competition. Price-fixing can involve explicit collusion or tacit coordination among companies.
What do you call an agreement made between differnet companies to charge the same amount for products?
An agreement made between different companies to charge the same amount for products is called price-fixing. This practice is illegal in many jurisdictions because it restricts competition and can lead to higher prices for consumers. Price-fixing undermines the principles of a free market and is often prosecuted as antitrust behavior.
Which eubacteria help plants in the production of proteins nitrogen-fixing bacteria endospores bacillia halophiles?
Nitrogen-fixing bacteria
What are the effect of fixing minimum above equilibrium?
Fixing a minimum price above the equilibrium level leads to a surplus in the market, as the quantity supplied exceeds the quantity demanded at that price. Producers are incentivized to supply more due to higher prices, while consumers may reduce their purchases. This can result in wasted resources and inefficiencies, as unsold goods accumulate. Overall, the intervention disrupts the natural balance of supply and demand.
What is horizontal and vertical price fixing?
Explain the differences between horizontal and vertical price fixing..
Is price fixing illegal?
Price fixing is illegal within the United States, Australia and the European Union
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 are consumer affected by illegal price fixing?
In the situation of "price fixing" the consumer generally will have to pay more for a product.
Is price fixing fair ethical socially responsible?
Price fixing is when companies that have the same products in common come together to agree to a set price. Price fixing is fair and is in the best interest of being socially responsible by protecting the market from becoming a monopoly.
Can Price Fixing ever be justified?
no
What do you call an agreement made between different companies to charge the same amount for a product?
Price fixing (it is illegal).
When a government valorizes a commodity what is it doing?
Fixing the price
What happend in the 50's of McDonald's?
Price Fixing
What is an agreement among firms to charge one price for the same good called?
Price fixing
What is an agreement among firms to charge one price for the same good called what?
Price fixing
How would price fixing and collusion help producers?
secret
