of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다는 개념. 소득은 다른 그룹을 위한 수입원을 만들기 위해 소비되는 것이다.
56. Class I oligopoly : An oligopoly in which firms are unorganized and uncollusive. Their behavior is characte
In the main office of 'A' battery Co. in Sep. 2004, Fair Trade Commission was investigating cartel behavior among 4 battery manufacturers including 'A' Co. FTC noticed cartelists which consulted once in 2003 depending on evidenced acquired and suggested A "If you confess another cartel behavior, You'll be exempted" . They did this to other companies, as well. A Co. got trapped in prisoner's dilem
시장조사 업체인 GFK마케팅 서비스 코리아에 따르면 국내 디지털카메라 시장은 지난 2001년 보급대수 24만대에서 2002년에는 전년대비 87.5% 증가한 45만대, 2003년에는 93% 늘어난 87만대, 2004년에는 59% 증가한 140만대 규모로 매년 고속 성장세를 지속해오고 있다. GFK의 예상결과로만 보면, 2007년까지 국내 디지
To prevent a cartel harming consumer’s benefit,
lots of Governments adopted the Leniency program
1) Definition
a syndicate or trust of firms,
created to generate unfair profits
2) Bad influence of cartel
1)By increasing prices,
and 2)decreasing outputs
Cartel harms consumer’s benefit
History of the Leniency Program
Since the adoption of the U.S.
of the Leniency Pro
Executive Summary
Cartel, a syndicate or trust of firms which is created to generate unfair profits, harms the consumers by increasing prices and decreasing outputs which eventually lead to inefficiency of the whole market. Leniency program is one which makes cartel broken by using ‘whistle blowers’. We choose the one example of Leniency program case “Imposing penalty to LPG firms in Kor