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? 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.

please click on these links to get a clear review:

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

Conclude with a brief one-paragraph explanation of how the companies accused in the article engaged in the price-fixing scheme.

Videos

PolicyEd. (2016, October 17).The importance of competition[Video]. YouTube.https://www.youtube.com/watch?v=dj-U9TDRNsA

Smith, E. (2016, February 17).Types of competition[Video]. YouTube.https://www.youtube.com/watch?v=QJnP8jzBjvk

Articles

Richards, L. (2019). 5 different types of market systems.Chron.https://smallbusiness.chron.com/5-different-types-market-systems-25818.html

Zeder, R. (2016). The four types of market structures.Quickonomics.https://quickonomics.com/market-structures/

Blog

Team Wall Street Survivor. (2016, August 1). 4 market structures in economics [Web log post].https://blog.wallstreetsurvivor.com/2016/08/01/4-market-structures-in-economics/