Question
1. In which market(s) is(are) advertising so important? Why? 2. Why is it hard for the OPEC member countries to set/maintain a monopoly price? Why
1. In which market(s) is(are) advertising so important? Why?
2. Why is it hard for the OPEC member countries to set/maintain a monopoly price? Why is often viewed as so easy for individual gas stations to 'tacitly collude' on gas prices?
3. Recent data shows that Domino's and Pizza Hut hold about 66% of the delivery pizza market. Should antitrust action be taken against them?
4. Find another markets in which concerns exist regarding industry 'concentration' - ie, mergers/acquisitions between firms that may lead to anti-competitive behavior, and higher prices to consumers.Do you agree with these concerns? Why or why not?
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
