Why is price leadership also called tacit collusion?
Question:
Why is price leadership also called tacit collusion?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Price leadership where one typically dominant firm signa...View the full answer
Answered By
Tamil Elakkiya Rajendran
I'm currently involved in the research in the field of Biothermodynamics, Metabolic pathway analysis and computational Biology. I always prefer to share my knowledge whatever I have learnt through my degree whenever time permits.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Some have argued that the implementation of a tacit collusion strategy will lead a firm to be relatively inefficient. Others have argued that the implementation of a tacit collusion strategy requires...
-
Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What are the main obstacles to collusion? Speculate as to why price leadership is...
-
Why are focal points important for firms involved in tacit bargaining? What is the key skill for a tacit bargainer?
-
Write out the equation for the following chemical reaction and balance it. Solid potassium chlorate, KCIO3, decomposes to form solid potassium chloride and diatomic oxygen gas. What is the...
-
What is an example of a valuable asset that might not show any value on a balance sheet?
-
Make a list of the common divisors of 120 and 88. What is the GCD? Which of the other common divisors of 120 and 88 also divide the GCD?
-
Native Co. Ltd suffered a loss of Rs 25,000 as per the financial accounts. On comparison with its costing records for the same year, the following differences were observed: Prepare a reconciliation...
-
Congress regulates corporate fuel economy and sets an annual gas mileage for cars. A company with a large fleet of cars hopes to meet the 2011 goal of 30.2 mpg or better for their fleet of cars. To...
-
For scope limitation, what are the audit opinions? (Choose all that apply) Adverse Qualified Disclaimer Unqualified
-
Who are most exploited by the NCAAs maximum wage for student athletes? Why does this make college recruiting so important to athletic programs success and so subject to abuse?
-
In the prisoners dilemma, if each prisoner believed that the other prisoner would deny the crime, would each choose to deny the crime?
-
Refer to the expanded table below from review question 8. a. What is the equilibrium price? At what price is there neither a shortage nor a surplus? Fill in the surplus-shortage column and use it to...
-
(ii) State Wilkie's updating equation in respect of the force of inflation and explain carefully what each of the components of the equation represents. State also which type of time series process...
-
Compute the double integral D x y dA over the domain D indicated as 0 x 5, x y 2x + 3. (Use symbolic notation and fractions where needed.) f(x, y) A = D
-
4. (10 points) A researcher believes that length of time spent listening to classical music increases memory for previously learned material. She has 4 groups of 5 subjects listen to either 10 min.,...
-
We find a binary system consisting of a 1 solar mass star, still in its main sequence phase, and a white dwarf. Assume both stars formed at the same time and that they did not significantly influence...
-
The equity sections from Atticus Group's 2015 and 2016 year-end balance sheets follow. Stockholders Equity (December 31, 2015) Common stock $6 par value, 50,000 shares authorized, 35,000 shares...
-
The first coat of paint for the outside walls of a building requires 1 of paint for each 10 m 2 of wall surface. The second coat requires 1 for every 15 m 2 . If the paint costs $3.50 per liter,...
-
You are planning to purchase your first home five years from today. The required down payment will be $50,000. You currently have $20,000. but you plan to contribute $500 each quarter to a special...
-
If a persons income is $14,000, how much does she pay in taxes?
-
When would total costs equal fixed costs?
-
Is studying for an economics exam subject to the law of diminishing marginal returns? If so, what is the fixed input? What is the variable input?
-
crane Inc. common chairs currently sell for $30 each. The firms management believes that it's share should really sell for $54 each. If the firm just paid an annual dividend of two dollars per share...
-
Determine the simple interest earned on $10,000 after 10 years if the APR is 15%
-
give me an example of 10 transactions from daily routine that we buy and put for me Liabilities + Owners' Equity + Revenues - Expenses
Study smarter with the SolutionInn App