TECO602 Workshop 7 Problem Set - T3 - 2022
TECO602 Workshop 7 Problem Set - T3 - 2022
Weblink
2. What are the arguments against such a monopoly? Illustrate your answer with a
diagram.
1
TECO602, Term 3 2022
3. What are the arguments for such a monopoly? Illustrate your answer with a
diagram.
5. Why does the ACCC not simply allow Australia Post to increase the price of stamps
so that it can become profitable again?
Weblink
The Australian Competition and Consumer Commission (ACCC) defines a range of anti-
competitive behaviours on its website, including price fixing; see
https://www.accc.gov.au/business/anti-competitive-behaviour/cartels/price-fixing.
1. Why did the ACCC bring the charges against Flight Centre?
2. What verdict did the Federal Court return in response to Flight Centre’s appeal?
What was its finding?
4. Who gained and who lost from the alleged price fixing?
2
TECO602, Term 3 2022
The ACCC enforces the Competition and Consumer Act 2010. The main role of the ACCC
is to promote competition, fair trading and regulating national infrastructure for the
benefit of Australians.
Weblink
Explain the difference between tacit collusion and price leadership in oligopoly
market.