When Two or More Organisations Conspire to Set Prices Above

question 92

Multiple Choice

When two or more organisations conspire to set prices above a competitive price, they are engaging in

• A) predatory pricing
• B) price gouging
• C) collusive pricing
• D) price discrimination

Recognize factors contributing to growing income inequality in the United States since the 1980s.

Differentiate between the concepts of income and wealth and their distribution.

Discuss the societal and economic impacts of income and wealth inequality.

Evaluate the arguments for and against greater income equality and the effects on incentives and utility.

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Definitions:

Jurisdictional Strike

A strike due to a dispute between two or more unions about which one has jurisdiction over a certain job or workplace.

Conventional Arbitration

A dispute resolution process where a neutral third party makes a binding decision on a conflict between two parties, commonly used in labor disputes.

Corporate Campaigns

Coordinated efforts, typically by unions or activist groups, to pressure a company into changing its policies, practices, or treatment of workers through public, financial, or political means.

Emergency Board

A temporary panel formed, often by a government, to intervene and resolve a deadlock in labor disputes and avoid disruptions such as strikes.