Market Structures and the Behavior
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The organization you work for is under investigation for price fixing. You have been asked by your manager to gather some information on recent price fixing cases to help your company defend itself.
Visit the website for the U.S. Federal Trade Commission to get the facts on the most recent price fixing cases. Click on the Search icon, and do a search of News Releases using the words "price fixing." Write a 2-3 paragraph description of a recent price-fixing case.
study Material reference: Economics, Principles,Applications,and Tools
Fifth edition. O'Sullivan/sheffrin/Perez chpter 24,28
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Solution Summary
The response addresses the queries posted in 338 words with references.
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The response addresses the queries posted in 338 words with references.
//The given discussion paper is based on the concept of price fixing. In the first section of the discussion, the concept of price fixing is made clear in detail in order to have a good understanding of the term.//
Federal Trade Commission: Price Fixing
Price Fixing
The term 'price fixing' is used for the agreement between the business competitors to sell their similar products and services at the same rate. This type of agreement is illegal because it causes the push in the prices at the highest possible level. The price fixing also involves the discounts or agreement for the stabilized prices. The agreement for the price fixing is illegal in the US as the federal law. The recent case for the price fixing was ...
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