Topic

Price Collusion

Instructions

Answer all the questions relating to price Collusion

Answer Preview

What has been learned on oligopoly would only be applied in a market in which there is a small number of firms operating. Within this market each firm would be adopting the strategy that is most beneficial to them. It is important in such settings to ensure one’s firm is the trend setter in the industry in order to lead in the adoption of the strategies. The other firms chasing the market will be adopting strategies which seek to ensure that they remain competitive within the market although they might not be their first choice strategies if they were the trend setters.

Word Count ; 650