Topic: Definition of Price Collusion
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What is the definition of collusive oligopoly?
collusive oligopoly industry containing few producers (oligopoly), in which producers agree among one another as to pricing of output and allocation of output markets among themselves. cartel , such as OPEC , are collusive oligopolies. Read More »
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What is the definition of collusion in the academic context?
people act together or incite the others in academic misconduct Read More »
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What is the definition of collusion?
Collusion n 1: secret agreement 2: agreement on a secret plot ChaCha again! Read More »
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Definition of Price Collusion
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Collusion is a noun meaning secret agreement...
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Prices in a collusive oligopoly are unlike to fall, because if prices fall that only benefits the consumer, so the firms will not do it. Also in a collusive oligopoly firms get together and FIX the prices, which answers the question.
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Source: http://wiki.answers.com/Q/Specific+examples+of+an+oligopoly
Q=Q1+Q2 P=7-0.01Q1-0.01Q2 PQ1=7-0.01Q1*2-0.01Q2 MR1=7-0.02Q1 MC1=1 MC=MR, 7-0.02Q1=1 Q1=6/0.02=300 MR2=7-0.02Q2 MC2=2 MC=MR=7-0.02Q2=2 Q2=5/0.02=250 P=7-5.5=1.5
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Collusion is an agreement between two or more persons, ...
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A collusion is a secret agreement, esp. for fraudulent or treachero... ...MORE...
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Price fixing would help producers because more of their product i...
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