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Author Question: Why should consumers be concerned about collusive agreements? What legal remedies are available ... (Read 50 times)

Caiter2013

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on: Jun 30, 2018
Why should consumers be concerned about collusive agreements? What legal remedies are available now?

Question 2

Which of the following risks cannot be hedged by an insurance?
 a. Exports damaged during shipment
  b. Theft during movement of goods
  c. An electrical fire at a warehouse
  d. Decreased sales resulting from poor salesmanship


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alexanderhamilton

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Collusive agreements are basically agreements to reduce the level of competition in order to boost oligopoly profits. As a result, consumers must pay higher prices and smaller quantities of output are available for purchase. The marketplace and consumers have legal remedies in the form of antitrust laws, which prohibits price fixing by companies.

Answer to Question 2

D


Caiter2013

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

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Reply 3 on: Yesterday
Excellent

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