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George Bluth really, really wants to control the market for new homes in Orange County, California. The Bluth Company (“TBC””) currently controls about 60% of the market in Orange County, while TBC’s chief competitor, Stan Sitwell, controls about 25%, and various other companies control the remaining 15%. George approaches Sitwell to see if they can make a deal under the table to stop competing and join forces to corner the market, but Sitwell refuses. After being rebuffed by Sitwell, George decides to try and buy out Sitwell’s company. He is unable to raise enough cash to do so, however. Finally, he tries to corner the market all by himself by cutting his prices so low that his competitors could not possibly hope to compete. In fact, he cuts the prices for his new houses so low that he’s losing money on each one. Hopefully his competitors will go out of business soon and he can raise his prices back up once they do. Please answer the following questions: If Stan Sitwell had been open to George’s suggestion that they join forces, discuss two possible ways they could have acted that would be blatant violations of Section 1 of the Sherman Act. If TBC had been able to raise the money to purchase Sitwell, what type of merger would it have been? Would the government have allowed the merger to proceed? (hint: discuss Section 7 of the Clayton Act). Do George’s actions create an illegal monopoly under Section 2 of the Sherman Act? (hint: analyze ALL of the elements necessary to have an illegal monopoly).
At Melissa's urging, Kenny contributed $25,000 in cash to a foreign charitable organization. At the time of the contribution, the organization told Kenny that his contribution was tax deductible for income tax purposes.
Scope: You are in the maintenance office of a medium sized repair facility. The senior manager has asked you to come up with a project plan and budget to move your 51-person maintenance facility from hangar 12 to the new and larger hangar 18. Create ..
The National Labor Relations Act gave labor the legal justification to pursue collective bargaining and other key labor issues.
Which of the following examples could lead to a service breakdown?
In what businesses would you expect project management skills to be most important? In what businesses would you expect them to be least important?
The importance of motivation is suggested by findings that most people believe they could give as much as _________ percent more effort at work than they now do with no one, including their own supervisors, recognizing any difference; and they also b..
Strategic actions to reduce the costs of internally performed value chain activities and improve a company’s cost competitiveness. work best when aimed at increasing the amount of the company’s low-cost competitive assets and decreasing the amount of..
Discuss the advantages and disadvantages of doing business as a Sole Proprietorship, Partnership, Corporation (C Corp and S Corp);and Limited Liability Company, along with the consideration of biblical standards for doing business with others. Also, ..
Suppose the machinability criterion was the cutting speed for a 10 min tool life. Compute the machinability rating for this case. What do the results of the two calculations show about the difficulties in machinability measurement?
From the outside, the Evolve Green Plane looks just like any other Southwest Boeing 737-700 aircraft. However, the interior boasts cutting-edge, environmentally-friendly products. Why is Southwest testing a Green Plane?
What capacity problems are encountered when a new drug is introduced to the market?
The "form vs. function” debate applies in many arenas in business, including marketing. Some marketers believe product performance is the most important. Other marketers believe that the look, feel and other design elements of products or the form ar..
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