Anticompetitive Practices Anticompetitive Practices The FTC takes action to stop and prevent unfair business practices that are likely to reduce competition and lead to higher prices, reduced quality or levels of service, or less innovation. Anticompetitive practices include activities like price fixinggroup boycotts, and exclusionary exclusive dealing contracts or trade association rules, and are generally grouped into two types: The FTC challenges unreasonable horizontal restraints of trade. Such agreements may be considered unreasonable when competitors interact to such a degree that they are no longer acting independently, or when collaborating gives competitors the ability to wield market power together.
This paper highlights the case of Apple Inc. There was a recent case US vs. Apple, that has been on news media. Tim cook the new CEO of Apple is being hard at work to debunk these scandals and shade good image for the company.
It appears Apple entered the e-book competition late in the game, however Apple was the ringleader in the antitrust investigation. Apparently, if this deal had gone through without the FEDS uncovering this venture, Apple would have made an automatic profit by collaborating with amazon and the other five publishers by monopolizing the price of e-books.
Additionally, this case falls under Clayton Act. Encyclopedia dictionary describes Clayton Antitrust Act as a law enacted in by the U. Congress to clarify and strengthen the Sherman Antitrust Act Monopoly is not necessarily bad for society.
Just to deviate from what been discussed, if for instance a firm is selling a product that the government want to regulate, such as alcohol. As a monopoly, it can also raise prices to discourage people and minors from drinking and raise a lot of money for the government.
Republican Governor Bob McDonnell is trying to privatise the system, but is running into opposition in the legislature, because the state liquor monopoly is an important source of government revenue.
Just like in Soviet Russia! Subsequent ventures such as this will prevent company giants from forming collusion to make exorbitant profit on its consumers. This issue will keep government watchdogs on the prowl for any antitrust practice, which takes away from the extraordinary creation and job opportunities Apple Inc has created over the years.
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Retrieved September 21,from www. The Economist, Bosker, B. Retrieved from Huffington post Choose Type of service.Antitrust Practices and Market Power 2 Introduction In an effort to ensure fair competition in an open market economy to the benefit of consumers, communities and small business, the United States Government created a group of laws known as the Antitrust Policy.
Anticompetitive Practices; Anticompetitive Practices. or when collaborating gives competitors the ability to wield market power together. Certain acts are considered so harmful to competition that they are almost always illegal.
Use our Advanced Search page to find a specific antitrust case. To see all antitrust cases, select. power, there must be a narrower geographic market than that alleged by the hospitals, the Commission in effect reasoned, rejecting claimsby the hospitals that other factors explained the increase in prices, apart from.
Posted by Social Science Research Network. The Meaning and Determination of Market Power. By John B. Kirkwood (Seattle University School of Law) Abstract: Market power and monopoly power lie at the core of antitrust leslutinsduphoenix.com there is . Richard G. Price,Market Power and Monopoly Power in Antitrust Analysis, leslutinsduphoenix.com () and creating the opportunity to compete in the market, the antitrust laws were designed to protect the competitive process.
She takes a somewhat sesses "market power," "monopoly power," or no power at all. Running head: ANTITRUST PRACTICES AND MARKET POWER Antitrust Practices and Market Power A slight inkling of antitrust by the consumers can easily destroy a company’s reputation; bring down years of hard work and dedication - ANTITRUST PRACTICES AND MARKET POWER .