In October 2023, several major international container shipping lines were investigated by global competition regulators for allegedly coordinating schedule blanking (cancelling sailings) and capacity constraints to keep freight rates artificially high. This coordinated restriction of capacity occurred during a period of declining global consumer demand.
With reference to an industry of your choice, evaluate the extent to which the mutual interdependence of firms in oligopolistic markets inevitably leads to collusive behaviour.
40 exam-style questions on Edexcel A A Level Economics 3.4.4 Oligopoly. Each one has a worked solution and a mark scheme showing where the marks go.