How is anti-monopoly different from Monopoly?
Anti-Monopoly is similar to Monopoly, but with one major division: at the start, all players are evenly divided into “Competitors” and “Monopolists.” Competitors can build on any street they own, and build 4 houses before building an apartment, receive the same rent for transport companies no matter how many they own.
How do you win an Anti-Monopoly competitor?
Players have a choice of two ways of playing and winning Anti-Monopoly: Players can win by bankrupting all other players. Or players can win by being the richest competitor after all monopolists have been bankrupted or to be the richest monopolist after all competitors have been eliminated.
What are anti-monopoly policies?
Key Takeaways. Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies.
What is price war in Anti-Monopoly?
Price war is “commercial competition characterized by the repeated cutting of prices below those of competitors”. One competitor will lower its price, then others will lower their prices to match. If one of them reduces their price again, a new round of reductions starts.
Is price fixing illegal?
Accordingly, price fixing is a major concern of government antitrust enforcement. A plain agreement among competitors to fix prices is almost always illegal, whether prices are fixed at a minimum, maximum, or within some range.
Who uses predatory pricing?
Predatory pricing occurs when a firm sells a good or service at a price below cost (or very cheaply) with the intention of forcing rival firms out of business. Predatory pricing could be a method to deal with new firms who enter an industry.