Discuss the validity and effect of each of the following: a. Two manufacturers of the same product decide to allocate territories, with one taking the southern States. b. A labor union encourages its members and all consumers to boycott a product
manufactured by a company that refuses to honor a union contract. c. Carrin's Department Store sells its products for 10% under the suggested retail price. One manufacturer tells the store it will not supply wholesale goods to it unless it charges at least the suggested retail price.
a.
This is a horizontal market allocation. It is aper se violation of Section 1 of the Sherman Act.
?
b.
This would be an illegal group boycott, except that it involves a labor union, and the Clayton Act exempts labor unions from all antitrust laws.
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c. Until recently it was considered a per se violation of the antitrust laws for a manufacturer to agree with its retailers to set the minimum price the retailer could charge for the manufacturer's goods. However, in a 2007 U.S. Supreme Court case, the Court found that vertical price restraints are to be judged by the rule of reason.
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Which SEC form may be the best place to start learning about the economics of an industry and the particular strategy a firm has selected for competing in the industry?
a. Form 8-K b. Form 10-K c. Form MD&A d. Form FSAP
_______ are regulatory agencies, such as the SEC (Securities and Exchange Commission), that establish ground rules under which organizations may operate.
A. Whistle-blowers B. Government moderators C. Government regulators D. Interest groups E. Watchdogs
What is used to estimate how much customer demand there is for a particular product and understand the factors that drive it?
A. demand analysis B. expenditure control C. sales forecasting D. advertising effectiveness studies E. sales tracking
Under the Uniform Anatomical Gift Act,
a. an individual may indicate the desire to be an organ donor by putting a provision in his will. The provision will take effect after probate of the will. b. the willingness to be an organ donor may be indicated by signing an organ donation card in the presence of one disinterested witness. c. family members of a decedent have no right to make a gift of the decedent's organs if the decedent did not make an affirmative indication of the desire to be a donor during her lifetime. d. an effective donation may be made by an individual in a will or on a witnessed organ-donation card or by family members after the person's death as long as the person did not indicate a desire not to be a donor.