Question
Illegal behaviour in the Canadian Chocolate bar industry. Many of us like to indulge in some chocolate every once in a while. But, chocolate lovers
Illegal behaviour in the Canadian Chocolate bar industry. Many of us like to indulge in some chocolate every once in a while. But, chocolate lovers may be paying too much because of some unscrupulous behaviour by the chocolate industry in Canada. To learn more about this, watch this video which explains the collusion that took place in the Canadian Chocolate bar industry. Chocolate Conspiracy Accusations Made in Canada Then, read this article from the Toronto star Chocolate price-fixing probe ends. Now, answer the following questions: 1. What kind of market is the Chocolate industry? Why? 2. What kind of illegal behaviour did the chocolate bar industry engage in? 3. What was the prime motivating force for the chocolate industry to engage in such behaviour? 4. What is the effect on consumers of such behaviour? Consider consumer surplus in your response. 5. Has the government done enough to remedy the situation?
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