List three factors that make collusion possible?

Why do authorities in most countries have laws and regulation to prevent collusion?

Collusion:  Why is it profitable, but hard to maintain?

What’s the dominant theory effect and how does it play a role in the monopolistic competition market?

UCOM is able to purchase an exclusive right to sell a soccer channel (SC) in its market area. Let's assume that UCOM pays $150,000 a year for the exclusive marketing rights to SC. Since UCOM has already installed cable to all of the homes in its market area, the marginal cost of delivering Soccer Channel to subscribers is zero. The manager of UCOM needs to know what price to charge for the Soccer Channel service to maximize her profit. Before setting price, she hires an economist to estimate demand for the Soccer channel service. The economist discovers that there are two types of subscribers who value soccer. First are the 4,000 die-hard soccer fans who will pay as much as $150 a year for the new soccer channel. Second, the soccer channel will appeal to about 20,000 occasional TV viewers who will pay as much as $20 a year for a subscription to soccer channel.   What is the deadweight loss associated with the non-discriminating pricing policy compared to the price discriminating…

An oligopolist faces a kinked demand curve.   Why do firms face this situation?

Discuss why a producer in an oligopolist market ("few" competitors) will pay closer attention to their competitors than a producer in a highly competitive market ("many" competitors).

Cartels have a difficult time maintaining their output agreements because an individual firm has an incentive to deviate (increase their output) from the arrangement.  T/F

Which of the following would be cases of cartels?   Check All That Apply Ford Motor Company OPEC Major League Baseball Major League Baseball The restaurant industry DeBeers Microsoft

Suppose Rainbow Bank has $12000 in assets ($3600 worth in mortgages and $8400 worth in treasuries) and $7500 in liabilities, consisting solely of checkable deposits. What is Rainbow Bank's net worth? 9.