Question
Watch the following video and answer the questions below: https://econ.video/2018/02/01/the-national-bread-collusion-in-canada/?utm_source=EX&utm_medium=Video&utm_campaign=MRUEmail&utm_content=the-national-bread-collusion-in-canada&__s=2oc8halfeuhyhq4vi3c2 A. Retailers in Canada have been accused of colluding to raise the price of bread.
Watch the following video and answer the questions below:
https://econ.video/2018/02/01/the-national-bread-collusion-in-canada/?utm_source=EX&utm_medium=Video&utm_campaign=MRUEmail&utm_content=the-national-bread-collusion-in-canada&__s=2oc8halfeuhyhq4vi3c2
A. Retailers in Canada have been accused of colluding to raise the price of bread. How much higher is the price of bread estimated to be as a result of this collusion?
a.$5.00
b.$2.50
c.$1.50
d.$0.50
B. What will happen if the companies are found guilty of price-fixing?
a.Nothing
b.They will be able to form a cartel.
c.The companies will be fined, and executives could face jail time.
d.The companies will be given an opportunity to adjust their prices.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started