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Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What are the main obstacles to collusion? Speculate as to why price leadership is legal in the United States, whereas pricefixing is not.
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Okay, so Beeville and best time The meaning price collusion. Okay. However, feeling the standing with the example. Okay, So the participles there are There are only five phones. Okay. Thats f four phones. There are four forms specializing specific bird captivity. Okay. And they have said their places. Who? $100. So everyone is setting the prices as $100. It's real exciting also. Otherwise it really confusing for you. What is the actual place? Okay, but what happens all off? All of the forefront decided that we are the only players in the market. So visual engaged the place and attract more, attract more profits to love it forms. Okay, so that is what is the meaning? Nice collusion. That and the only hope a lists form keep inflating the profits by increasing their prices. Rookie. So this is the actual meaning off price collusion. However, these rights collusion. Okay, this price pollution in neighborhoods, the players, when I say players, it means only these players means Ali go ballistic farms. Okay. Price pollution in It was a place to partner each other who earn higher brothers. It means that day will be that they will be no bar or any type of you know, unwanted competition between these forms. So or definitively leaking state vice provision revenged bores price more and more competition between these forms. However, what? We have it out. So price collusion may be economical. Four These clothes, nice collusion. However, in the longer it may not be because Mikel or we consider an iffy ship. Because in the long run, new and brain school coming to the market so that these four players what would be vital? Okay, surprise pollution, maybe Menefee Shell four players, but North boy zeros. Okay, so that is what I mean. Okay. However, you can also involved from this that how can be prevent price collusion. Who happened between these bums between these so must have already mined for Britain costs. Okay, somebody eaters and legal rules. Okay, that will be followed by industry industry, Right? Okay. No, there is a concert which we know s price leadership. Okay. Life price leadership is mostly destitute. Goodbye. Enhancement off water deep along with providing off araby. Just separate. Okay. However, it is different price fixing because in a price, fixing you will pick surprise for a product in respective office quality. Okay, so however, applies price leadership is legal, but price fixing is not by because in price fix from what you're doing, you are just setting the price who were benchmark price and below there. And about that No. Any of this invention not said. Okay, so that is right. I sleep. Did you against more importance or base, Then vice fixing this with that sort for a solution also. Thank you.
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