Collusion in an Oligopoly I A Level and IB Economics
63.4 هزار بار بازدید -
8 سال پیش
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This is a short introductory
This is a short introductory video on economic aspects of collusion within an oligopoly.
Collusion is any explicit or implicit agreement between suppliers in a market to avoid competition. But whilst price fixing within a cartel is outlawed by competition law in the UK, EU and many other countries, not all instances of collusive behaviour are deemed to be illegal by the European Union Competition Authorities.
Horizontal collusion:
An agreement between firms at the same stage of the production process to fix prices above the competitive level. Usually illegal under competition law.
Collusion takes place when rival companies cooperate for their mutual benefit. When two or more parties act together to influence production and/or price levels, thus preventing fair competition
Tacit collusion
Where firms undertake actions that are likely to minimize a competitive response, e.g. avoiding price cutting or not attacking each other’s market. When firms co-operate but not formally, e.g. price leadership, or quiet or implied co-operation, secret, unspoken cooperation
#aqaeconomics #ibeconomics #edexceleconomics
Collusion is any explicit or implicit agreement between suppliers in a market to avoid competition. But whilst price fixing within a cartel is outlawed by competition law in the UK, EU and many other countries, not all instances of collusive behaviour are deemed to be illegal by the European Union Competition Authorities.
Horizontal collusion:
An agreement between firms at the same stage of the production process to fix prices above the competitive level. Usually illegal under competition law.
Collusion takes place when rival companies cooperate for their mutual benefit. When two or more parties act together to influence production and/or price levels, thus preventing fair competition
Tacit collusion
Where firms undertake actions that are likely to minimize a competitive response, e.g. avoiding price cutting or not attacking each other’s market. When firms co-operate but not formally, e.g. price leadership, or quiet or implied co-operation, secret, unspoken cooperation
#aqaeconomics #ibeconomics #edexceleconomics
8 سال پیش
در تاریخ 1395/02/21 منتشر شده
است.
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