Three companies, Optimax, Megachug, and Thirstoid, each with about the same market share, dominate the sports drink market. In an attempt to increase profits, the three companies coordinate their actions and agree to restrict their collective output of sports drinks, thereby increasing the price of sports drinks in the market. This is an example of:A price warPrice leadershipA cartel
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Three companies, Optimax, Megachug, and Thirstoid, each with about the same market share, dominate the sports drink market. In an attempt ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is an advantage associated with the matrix organization? a. Hard to monitor and control. b. Shorter response times and quicker decisions. c. Unity of command - one "boss" for each employee. d.
Answers (2)
The U. S. market is large, but many other countries have what advantage over the U. S.?
Answers (1)
The unemployment rate may underestimate the true extent of unemployment if: a. many people have part-time, as well as a full-time job. b. there, are a large number of people working in the underground economy. c.
Answers (1)
A flood destroyed a company's warehouse contents on September 12. The following information was the only information that was salvaged: Inventory, beginning: $29,900 Purchases for the period: $18,900 Sales for the period: $56,900 Sales returns for
Answers (1)
If current trends continue, China may be the world's largest economy by 2030. In a concise and well-noted statement, discuss the possible implicators for a) the world's trading system, b) the world's monetary and currency exchange systems, and c)
Answers (1)
New Questions in Business
Lindley Enterprises sells hand-woven rugs. Paige Corporation is a regular customer of Lindley. On June 30, Paige purchased 500 rugs from Lindley for $400,000 on credit. On August 15, Paige paid Lindley in full on its $400,000 balance.
Answers (1)
A developing country might choose to maintain a trade deficit to?
Answers (1)
In which stage of the product life cycle should product strategy focus on process modifications as the product is being "fine-tuned" for the market?
Answers (1)
In the past 5 years, the cost of producing 4K televisions has decreased. At the same time, many consumers are opting to watch television programs on their smartphones, tablets or laptops.
Answers (1)
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic.
Answers (1)