Fix fee in the demand

Aug 6th, 2022
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How to fix fee in the demand

5 out of 5
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Hey everyone and welcome back to our channel. We appreciate all of the support, feedback, and video suggestions from all of you. Were glad youre enjoying the content. Today, like last week were going to cover a topic that was requested from one of our subscribers, and that is the difference between demand shocks that shift the curve, also known as a change in demand, versus a shock which moves you along the curve, also known as a change in quantity demanded. With that said, lets get right into it. So if you have any knowledge of basic economics then youre familiar with the concept of supply and demand. The supply and demand curves are plotted on a graph with price on the vertical axis and quantity on the horizontal axis. The Law of Demand states that as prices increase quantity demanded decreases, hence why the demand curve is negatively sloped. So what causes a change in quantity demanded? Well, any change in the price of the good or service. Typica

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Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels.
Price fixing is permitted in some markets but not others; where allowed, it is often known as resale price maintenance or retail price maintenance.
The most famous example of price fixing is probably the Great Electrical Conspiracy in which GE and Westinghouse (and a smaller firm, Allis-Chalmers) fixed the prices of turbines used for electricity generation.
Anticompetitive price fixing agreements violate federal antitrust law, notably the Sherman Antitrust Act, and are prohibited by state antitrust law, including the Cartwright Act in California.
Almost all agreements among competitors to control prices or volume of product is per se illegal, but price fixing is allowed in some limited circumstances. There are limited times where negotiations on prices in business like joint ventures actually allows for better pricing in the market or more competition.
The Sherman Antitrust Act This law prohibits conspiracies that unreasonably restrain trade. Under the Sherman Act, agreements among competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets, are criminal violations.
Collusion occurs when entities or individuals work together to influence a market or pricing for their own advantage. Acts of collusion include price fixing, synchronized advertising, and sharing insider information. Antitrust and whistleblower laws help to deter collusion.
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

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