This topic contains a solution. Click here to go to the answer

Author Question: If price fixing by competitors is necessary because without it a firm will go bankrupt, is the price ... (Read 111 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
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?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adammoses97

  • Sr. Member
  • ****
  • Posts: 337
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

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

For a complete list of videos, visit our video library