|
|
REGULATORY POLICY: Government policy based on government's ability to pass laws and enact regulations.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 20: Oligopoly | Unit 3: Behavior
|
Page: 12 of 24
|
- More on collusion.
- Collusion is a usually secret agreement among competing firms in an industry to control the market, raise the market price, and otherwise act like a monopoly.
- The reason for secrecy is that such behavior is illegal in the United States as well as most other countries.
- Two types:
- Explicit collusion
- Implicit collusion
- The secretive nature of most explicit collusion makes it very difficult to know when and where it occurs.
- Implicit collusion is even more difficult to identify.
|
|
|
|
|
|
|
CAPITAL STOCK, AGGREGATE SUPPLY DETERMINANT One of several specific aggregate supply determinants assumed constant when the aggregate supply curves (both long run and short run) are constructed, and which shifts the aggregate supply curves when it changes. An increase in the capital stock causes an increase (rightward shift) of both aggregate supply curves. A decrease in the capital stock causes a decrease (leftward shift) of both aggregate supply curves. Other notable aggregate supply determinants include the technology, energy prices, and the wages. Capital stock comes under the resource quantity aggregate supply determinant.
Complete Entry | Visit the WEB*pedia |
|
|
ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time watching infomercials wanting to buy either rechargeable batteries or a rechargeable battery for your computer. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
Your Complete Scope
This isn't me! What am I?
|
|
|
The first paper currency used in North America was pasteboard playing cards "temporarily" authorized as money by the colonial governor of French Canada, awaiting "real money" from France.
|
|
|
"The greatest barrier to success is the fear of failure." -- Sven Goran Eriksson, writer
|
|
ANN REPT
Annual Report
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
