Interpreted as intertemporal price discrimination

Assignment Help Operation Management

Reference no: EM132258732

The following questions concern court cases involving tacit collusion.

a) The existence of first-run and second-run showings can be interpreted as intertemporal price discrimination. Explain how. Analyze the effects of an increase in the price of admission to a second-run showing. There is no need to draw any graphs here; a complete intuitive explanation is sufficient.

b) In the Cement Institute case, 11 firms bid $3.286854 per barrel on an order of 6,000 barrels. Does this throw up any red flags? Explain.

c) There were four U.S. producers of lead antiknock compounds. Whenever a price change was contemplated, it was announced more than 30 days in advance of the effective date. These price announcements appeared in newspapers. Is this a method of price signaling by which the producers can collude tacitly? Explain.

Reference no: EM132258732

Questions Cloud

Human resource audit on employer and employees : What are the impacts of human resource audit on employer and employees.

Hospital depends on many factors such as insurance clearance : The time taken to discharge a patient in a hospital depends on many factors such as insurance clearance, clearing bills not cover under insurance etc.

The store carry with the current inventory policy : How much safety inventory does the store carry with the current inventory policy?

Family and Medical Leave Act : Under Family and Medical Leave Act of 1993, Who is target audience for Family and Medical Leave Act of 1993 and how is training being applied in organization?

Interpreted as intertemporal price discrimination : The existence of first-run and second-run showings can be interpreted as intertemporal price discrimination.

Defined as product that sells less than half of forecast : What is the probability this parka turns out to be a “dog,” defined as a product that sells less than half of the forecast?

Prepare marketing plan for IKEA : Prepare a marketing plan for IKEA. Situation Analysis which identifies and describe each factor of the marketing environment.

Lean startup and build fair team process : This week students learn how to build processes into their strategic thinking with "Measure and Pivot" in Lean Startup and build a fair team process

Challenges faced by the health services organization : What are the regulatory / legal issues and challenges faced by the health services organization?

User Account

All Pages