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- List three factors that make collusion possible?Collusion can work if ________. a. a colluder values future monopoly profits more than current profits b. a colluder gives secret price discounts c. a colluder charges a price higher than its partners d. a colluder can cheat without being detectedDiscuss the formation of collusion. Why is it beneficial for firms? What is the main observed problems of collusion? You can use graph in your answer.
- This chapter discusses companies that areoligopolists in the markets for the goods they sell.Many of the same ideas apply to companies that areoligopolists in the markets for the inputs they buy.a. If sellers who are oligopolists try to increase theprice of goods they sell, what is the goal of buyerswho are oligopolists?b. Major league baseball team owners have anoligopoly in the market for baseball players. Whatis the owners’ goal regarding players’ salaries?Why is this goal difficult to achieve?c. Baseball players went on strike in 1994 becausethey would not accept the salary cap that theowners wanted to impose. If the owners werealready colluding over salaries, why did they feelthe need for a salary cap?Suppose tuition fees for a university increase from £3,000 to £9,000. Afterthe increase, enrolment drops by 5%. e) Explain why setting up a cartel and maintaining collusion may be difficultin general.f) Explain how a maximum tuition fee of £9000 imposed by the governmentmay facilitate collusion between universities.What is collusion? O A merger of two sellers O Regulatory restrictions on the entry of new sellers into an industry O Agreements between sellers to increase their market power Cooperation between sellers to increase the level of competition
- This chapter discusses companies that are oligopolists in the market for the goods they sell. Many of the same ideas apply to companies that are the market for the inputs they buy. a. If sellers who are oligopolists try to increase the price of goods they sell, what is the goal of buyers who are oligopolists in oligopolists? b. Major league baseball team owners have an oligopoly in the market for baseball players. What is the owners' goal regarding players' salaries? Why is this goal difficult to achieve? c. Baseball players went on strike in 1994 because they would not accept the salary cap that the owners wanted to impose. If the owners were already colluding over salaries, why did they feel the need for a salary cap?What are the types of the oligopoly market??For Kellogg Co., pringle chips describe how communication could be utilized to increase demand in a specific communication channel (like: grocery store). Write in a paragraph format and in 900 words. Thank you.
