Management and Organizational Studies 2275A/B Study Guide - Exclusive Dealing, Price Discrimination, Predatory Pricing
12 Dec 2012
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Document Summary
Pricing practices between producer and purchaser: the federal competition act prohibit unfair practices and seeks to create a level playing field, price conspiracies. When businesses manipulate a market through conspiring with direct competitors to control prices. Penalties include 14 years imprisonment and/or a fine of million: bid rigging conspiring to fix the bidding process to suit the collective needs of those submitting bids, abuse of dominant position. When a dominant company or group of companies have engaged in anticompetitive behaviour the unduly prevents or lessens competition. Price discrimination the failure to provide similar pricing in terms and conditions to competing retailers for equivalent volume sales at a similar time. Predatory pricing setting unreasonably low prices to eliminate competition: price maintenance the attempt to drive the final retail price of goods upward and the imposition of accusation on noncompliant retailers.
