Violations of antitrust law are either per se violations or rule of reason violations. What are the differences between these two types of violations? Give examples of each
A per se violation is a violation that is automatically illegal. It is irrelevant what the effect of the given conduct is on competition; the conduct, in and of itself, is illegal. Defendants are subject to both criminal and civil penalties. The Justice Department has sought criminal sanctions against per se violators. Examples would include price fixing, bid-rigging, or an agreement by competitors to divide their market among themselves.
?
A rule of reason violation will be illegal only if it results in harm to competition. Such violations are viewed on a case-by-case basis. Examples of rule of reason situations would include refusal to deal arrangements and reciprocal dealing agreements.
You might also like to view...
In January 2014, Shone Company exchanged an old machine, with a book value of $156,000 and a fair value of $140,000, and paid $40,000 cash for a similar used machine having a list price of $200,000 . The exchange had commercial substance. At what amount should the machine acquired in the exchange be recorded on Shone's books?
a. $200,000 b. $196,000 c. $184,000 d. $180,000
The production report is the document that summarizes the manufacturing activity that takes place in a process department for a given period of time
Indicate whether the statement is true or false
In this growing trend called ________, marketers concentrate on making such activities as
Fill in the blank(s) with the appropriate word(s).
An MRP II system refers to?
a. Milestone resource planning b. Manufacturing resource planning c. Mixed resource planning d. Mode requirements planning