Wednesday, November 28, 2007

Unit 1: Oligopoly and collusion

The EU has levied multi-million Euro fines on 4 firms guilty of collusion in the flat glas market

http://news.bbc.co.uk/1/hi/business/7116770.stm

a) Why would you consider this market to be an oligopoly?
b) Why do you think the producers colluded to the detriment of consumers?

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