Discuss when monopoly power is not a violation of Section 2 of the Sherman Act
Under Section 2 of the Sherman Act, it is illegal to monopolize or to attempt to monopolize a market. Monopoly power in itself is not a violation of Section 2 of the Sherman Act. For a Section 2 violation, the acquisition of monopoly power must have been done in a wrongful manner. For example, monopoly power is not illegal if it is the result of a patent, efficient operation, superior business decisions, or a superior product. It is only illegal if it is obtained in an improper manner. To determine if a defendant has illegally monopolized, three questions must be answered: (1) What is the market? (2) Does the company control the market? And (3) How did the company acquire or maintain its control?
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Grinn, Inc offers terms of 2/10, n/30 to credit customers. Great Buy Corp purchased 100 tile cutters with a list price of $20 each on March 5, 2016, on account. If Great Buy Corp pays the amount of the invoice for its purchase on March 14, 2016, how much cash will Grinn receive from Great Buy Corp?
a. $1,764 b. $2,000 c. $1,800 d. $1,960
Safety Products currently outsources an electrical switch that is a component in its sprinkler systems. The switches are purchased for $20 each. The company is considering making the switches internally and has conducted a study to determine the costs involved. The costs below are projected annual production costs: Unit-level material cost$3 Unit-level labor cost$2 Unit-level overhead$1 Batch-level cost (5,000 units per batch)$5,000 Product-level supervisory salaries$37,500 Allocated facility-level costs$20,000 Assume that the company needs 15,000 of the switches, which would be produced in three batches. Assume also that the company will still be operating within the relevant range. If Safety decides to make the parts under these conditions, the total relevant costs will be:
A. $142,500. B. $162,500. C. $105,000. D. $132,500.
A budget:
a. is a monthly financial statement issued to a company's shareholders. b. is management's operating plan expressed in units and dollars. c. documents the production department's schedule. d. is the basis for the annual sales forecast.
Web pages are read in a linear fashion, the same way books and magazines are read
Indicate whether the statement is true or false