- Canadian retail gas prices
- male / female clothing, services (haircuts)
updated 2007 Sept 17
|INTRODUCTION||In many "intro
to business" and "intro to marketing" courses we talk about the differences
between a Monopoly, Oligopoly, Monopolistic competition and Pure competition.
When you have Pure Competition, prices may vary widely since many "players" are in the market and they all have different costs and different profit objectives.
When you have a Monopoly, you typically have one set high price cause there is no competition to force the big seller to lower prices.
When you have an Oligopoly you can also have a situation of high prices because there are no small companies forcing the big companies to lower prices. Typically this situation arises when it is very expensive to "get into" the business sector - for example to be in the banking business you need millions and millions of dollars and thousands of employees.
Of the 4 types of competition ( witiger.com/marketing/typesofcompetition.htm ) price collusion most often happens when the competitive situation is that of an Oligopoly.
a hard working MP from the very multi-cultural riding of Pickering-Ajax-Uxbridge,
(and friend for many years of Prof. Tim Richardson) served as the Parliamentary
Secretary to the Minister of Foreign Affairs with special emphasis on Canadians
Dan is also best known as
the politician who is the champion of the people when it comes to fighting
the large gas companies over price collusion on gas prices.
Dan says (May 2007)
the CBC story on gas prices
"Canadians are being gouged at the gas pumps, paying in excess of 15 cents a litre more for gasoline than justified by costs and historic petroleum industry profit margins"
The CBC says "The Canadian Centre for Policy Alternatives says it examined gasoline prices ... there has always been an "unexplained differential" between what consumers pay at the pump and what they would be paying if the industry tied prices to costs and traditional profit margins."
Men's Haircuts vs. Women's haircuts
unfairness: Event Parking
In June 2005 Prof. Richardson
wrote the "Canadianized" version of a chapter on Ethics for the an International
Business textbook published by McGraw-Hill Ryerson.
Some of the material in this unit comes from the writing Richardson did for that Ethics chapter and is © McGraw-Hill Ryerson 2006.
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