Price war — is a term used in business to indicate a state of intense competitive rivalry accompanied by a multi lateral series of price reductions. One competitor will lower its price, then others will lower their prices to match. If one of the reactors… … Wikipedia
Price fixing — is an agreement between business competitors to sell the same product or service at the same price.In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to profits for all the sellers.… … Wikipedia
Oligopoly — An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived, by analogy with monopoly , from the Greek ὀλίγοι (oligoi) few + πόλειν (pólein) to sell . Because there are … Wikipedia
oligopoly — A market characterized by a small number of producers who often act together to control the supply of a particular good and its market price. Bloomberg Financial Dictionary * * * oligopoly ol‧i‧gop‧o‧ly [ˌɒlɪˈgɒpəli ǁ ˌɑːlɪˈgɑː , ˌoʊ ] noun… … Financial and business terms
price leadership — The setting of the price of a product by a dominant firm in an industry in the knowledge that competitors will follow this lead in order to avoid the high cost of a price war This practice is often found in oligopoly and has the effect of a… … Big dictionary of business and management
oligopoly — oligopolistic /ol i gop euh lis tik/, adj. /ol i gop euh lee/, n. the market condition that exists when there are few sellers, as a result of which they can greatly influence price and other market factors. Cf. duopoly, monopoly (def. 1). [1890… … Universalium
oligopoly — Competition amongst the few, where perceptions of competitors policies and reactions to perceived intentions count for more than price output considerations. Duopoly (control exercised by two competing agencies) is a special case of oligopoly,… … Dictionary of sociology
oligopoly — UK [ˌɒlɪˈɡɒpəlɪ] / US [ˌɑlɪˈɡɑpəlɪ] noun [countable/uncountable] economics the control of a product or service by only a few companies, influencing the price of that product or service … English dictionary
Small but Significant and Non-transitory Increase in Price — In competition law, before deciding whether companies have significant market power which would justify government intervention, the test of Small but Significant and Non transitory Increase in Price is used to define the relevant market in a… … Wikipedia
Market price — In economics, market price is the economic price for which a good or service is offered in the marketplace. It is of interest mainly in the study of microeconomics. Market value and market price are equal only under conditions of market… … Wikipedia
Edgeworth price cycle — An Edgeworth price cycle is an asymmetric price variation that has the following characteristics:#The good/service is a homogeneous commodity and customers are extremely price sensitive. If one vendor undercuts another, they will capture all or a … Wikipedia