If price fixing by competitors is necessary because without it a ...

[bucstennis@aim.com]

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?

[adammoses97]

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]

Thanks for the timely response, appreciate it

[diana chang]

TYSM