Identify also explain the key features of an oligopolistic

Reference no: EM1339720

Price fixing in detergent industry

a) Identify and explain the key features of an oligopolistic industry. Illustrate your answer with reference to an industry of your choice.

b) Examine the case of price fixing within the detergent industry. Examine and evaluate why price fixing would be likely to occur in this industry and explain the economic rationale behind the decision not to fine Henkel.

Reference no: EM1339720

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