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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 is the function of a cartel?
A cartel is formed by producers to control the supply and prices of a particular product in order to maximize profits. Cartels often involve price-fixing, output restrictions, and market sharing among participating members.
Which eubacteria help plants in the production of proteins nitrogen-fixing bacteria endospores bacillia halophiles?
Nitrogen-fixing bacteria
How are carnivores dependent on nitrogen fixing bacteria?
carnivores -> herbivores -> plants -> nitrogen fixing bacteria
Which is the most abundant carbon-fixing enzyme on earth?
Which is the most important and abundant carbon-fixing enzyme on earth
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
How would price fixing and collusion help producers?
secret
What unfair business practice do cartel use?
price fixing
Is Price Fixing only illegal in some instances?
True
