Question
Case study 4: Flight centre accused of price fixing (10 marks) Visit https://www.theaustralian.com.au/business/news/accc-to-appeal-over-flight-centre-ruling-on-price-fixing/news-story/b34c781b99af74add12470eaf8954bfb and read the article 'ACCC to appeal over Flight Centre ruling on
Case study 4: Flight centre accused of price fixing
(10 marks)
Visithttps://www.theaustralian.com.au/business/news/accc-to-appeal-over-flight-centre-ruling-on-price-fixing/news-story/b34c781b99af74add12470eaf8954bfb and read the article 'ACCC to appeal over Flight Centre ruling on price fixing'. Then answer the questions that follow.
Weblink
The ACCC defines a range of anti-competitive behaviours on its website, including price fixing; seehttps://www.accc.gov.au/business/anti-competitive-behaviour/cartels/price-fixing.
- Please define and explain the defining features of the market in which flight centre was operating. You will also have to draw from your course content to answer this question.
- Explain why did the ACCC bring the charges against Flight Centre?
- Is there the possibility of non-price competition in this case?
- Who gained and who lost from the alleged price fixing?
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Capital Theory And Political Economy Prices, Income Distribution And Stability
Authors: Lefteris Tsoulfidis
1st Edition
1351239414, 9781351239417
