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spec points own knowledge micro > oligopolies > Flashcards

oligopolies Flashcards

1
Q

examples of oligopolies

A

Tesco, Sainsbury’s, Asda, and Morrisons,

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1
Q

examples of collusion

A

After a period of low milk, butter and cheese prices, supermarkets such as Asda and Sainsbury’s colluded with Dairy suppliers, Dairy Crest and Wiseman Dairies to increase the price of milk, cheese and other dairy products in supermarkets.

Apple & Amazon fined - €194m - Collusion.

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2
Q

examples of price wars

A

ecent examples include a price war between the supermarkets in the UK petrol retail industry involving Asda, Morrisons and Tesco

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3
Q

examples of predatory pricing

A

amazon initially financed its predatory pricing schemes through a tacit agreement with investors, who accepted little or no profit in exchange for rapid market share growth. More recently, it’s been able to cross-subsidize losses by tapping into the high profits of its cloud division, Amazon Web Services.

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spec points own knowledge micro (9 decks)

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