Discuss Specific Firm Behavior That Reduced the Level of Competition

question 23

Essay

Discuss specific firm behavior that reduced the level of competition in an industry.What are the opportunity costs of greater concentration?

---

Definitions:

Ethical Behaviour

The practice of conducting oneself in accordance with recognized moral principles and standards, often guiding decision making and interactions.

Legal Behaviour

Actions that conform to the laws and regulations of a given society or community.

Ethical Conduct

Concerns the adherence to moral principles and values such as integrity, fairness, honesty, and respect in decision-making and actions.

Personal Standards

Individual criteria or principles for behavior and performance, often reflecting personal ethics or excellence.