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Author Question: If price fixing by competitors is necessary because without it a firm will go bankrupt, is the price ... (Read 110 times)

bucstennis@aim.com

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on: Jun 29, 2018
If price fixing by competitors is necessary because without it a firm will go bankrupt, is the price fixing legal?
 
  What will be an ideal response?

Question 2

If the Herfindahl-Hirschman Index for an industry is 8,528, is the industry competitive or concentrated?
 
  What will be an ideal response?


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adammoses97

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Reply #1 on: Jun 29, 2018
Answer to Question 1

No, price fixing by competitors is always illegal. Regardless of whether a firm will go bankrupt or not, this sort of price fixing is illegal.

Answer to Question 2

With a Herfindahl-Hirschman Index of 8,528, the industry is quite concentrated or, in other words, the industry is not very competitive.


bucstennis@aim.com

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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