(a) Along with your textbook reading, review the videos, blog, and articles below on market competition. Then respond to the following questions: If all the firms in an industry are charging the same price, is it fair to say that they are engaged in price collusion? To what extent might this be a plausible explanation? Are there any other possible explanations? What type of market structure do you think is more conducive to firms engaging in price-fixing? Why do you think the price-fixing situation in the case described went on for so long? (one paragraph)

Click the following link to review a recent price-fixing case on bread: Russell, A. (2018). 7 Canadian companies committed indictable offences in bread-price fixing scandal: Competition Bureau.

Global News.https://globalnews.ca/news/3998023/bread-price-fixing-scandal-competition-act-crimes/

Suggestion: Students often cite "collusion" among firms easily here, BUT wait a minute! Examine the four market scenarios AGAIN, and see if there might be another explanation!