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( Table: Christie' and Sotheby's ) Refer to the table. Each cell of this table presents the revenues earned by the auction houses Christie's and
Table: Christie' and Sotheby's Refer to the table. Each cell of this table presents the revenues earned by the auction houses Christie's and Sotheby's. Revenues are based on the type of commission each firm charges its clients, as well as what commission the other charges. Christie's revenues are listed first in each cell, then Sotheby's. If both firms cooperate and act like a cartel: tableSotheby's Strategic,High Commission,Lot CommissionChristiesHigh Commission,$ milion. milion, milion $ milicnStrategiesLour Commission,S milion, $ milion, millon, malicun Christie's will charge a low commission and Sotheby's will charge a high commission both Christie's and Sotheby's will charge a low commission Christie's will charge a high commission and Sotheby's will charge a low commission both Christie's and Sotheby's will charge a high commission
Table: Christie' and Sotheby's Refer to the table. Each cell of this table presents the revenues earned by the auction houses Christie's and Sotheby's. Revenues are based on the type of commission each firm charges its clients, as well as what commission the other charges. Christie's revenues are listed first in each cell, then Sotheby's. If both firms cooperate and act like a cartel:
tableSotheby's Strategic,High Commission,Lot CommissionChristiesHigh Commission,$ milion. milion, milion $ milicnStrategiesLour Commission,S milion, $ milion, millon, malicun
Christie's will charge a low commission and Sotheby's will charge a high commission
both Christie's and Sotheby's will charge a low commission
Christie's will charge a high commission and Sotheby's will charge a low commission
both Christie's and Sotheby's will charge a high commission
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