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Fixing it transparently

Read the articles Glassmakers fined record 1.4bn euros for price-fixing by European regulators and Europe fines glassmakers record 1.4bn euros then consider answers to the questions below. You can either read the articles in the window below or you can follow the previous link to read the article in a separate window.


Question 1

Explain what is meant by a cartel and how it is able to increase the profits of its members.

Question 2

Describe the market conditions are most likely to lead to the formation of a cartel?

Question 3

Evaluate two policies that can be used by governments to prevent price-fixing.

Question 4

Identify ways in which price discrimination can take place in an economy. Give examples from your own country/region.