Write comparative report on methodology all parties followed

Assignment Help Business Law and Ethics

Reference no: EM131036659 , Length: word count:5000

Background: Section 8(a) of the Act prohibits a dominant firm from charging an excessive price to the detriment of consumers. An "excessive price" is defined as "... a price for a good or service that bears no reasonable relation to the economic value of that good or service and is higher than that economic value." Economic value is not defined in the Act. Only two cases of excessive pricing has been prosecuted under the new SA Competition Act. The first was the Mittal Steel case (Mittal Steel South Africa Ltd and two Others v Harmony Gold Mining Company Ltd and Another (Case No. 70/CAC/Apr07)) and the second was the Sasol Chemical Industries (SCI) case (The Competition Commission and Sasol Chemical Industries Ltd (Case No. 48/CR/Aug10)). In both these cases the Tribunal found in favour of the Commission. However, in the Mittal case the Competition Appeal Court (CAC) referred the case back to the Tribunal and in the SCI case the CAC upheld the appeal by SCI (Sasol Chemical Industries Ltd v Competition Commission (Case No. 131/CAC/Jun14)).

Task: Read the ruling in both the Mittal Steel and SCI case and write a comparative report on the methodology all the parties followed in their assessment of excessive pricing. In your report specifically address the following:

1. Factors assessed to determine dominance.

2. Factors considered in defining the relevant product and geographical market.

3. Methodology followed to determine an excessive price and economic value (This is the main focus of the assignment).

4. Role of the "special cost advantage".

Reference no: EM131036659

Questions Cloud

Transactions demand for money : According to Baumol and Tobin, the transactions demand for money is

Business matters within the company : Mr. Smith is a retired director of XYZ Co Ltd, he was not appointed a director for the current year (2014), but still attends to many of the business matters within the company, and also attends the directors meetings to advise and mentor the new ..

Analyze the running time of lca : Prove that LCA correctly prints the least common ancestor of u and ν for each pair {u, ν} ∈P. Analyze the running time of LCA, assuming that we use the implementation of the disjoint-set data structure in Section 21.3.

Goals of the fed frequently conflict : 1. Unemployment us a bad thing, and the government should make every effort to eliminate it." Do you agree or disagree? Explain your answer. 2. Which goals of the Fed frequently conflict

Write comparative report on methodology all parties followed : Task: Read the ruling in both the Mittal Steel and SCI case and write a comparative report on the methodology all the parties followed in their assessment of excessive pricing. In your report specifically address the following: Factors assessed to..

Aggregate demand and real gross domestic product : the price level will drop.b. aggregate demand and real Gross Domestic Product (GDP) will not change.c. aggregate demand and real Gross Domestic Product (GDP) will increase by the amount of the spending increase.d. the government spending multiplie..

Why was that moment significant : After watching the video at http://www.youtube.com/watch?v=zT7TeryDzk0&feature=player_detailpage, consider how over time, the practice of psychology has become more widely accepted. What was one of the defining moments in the history of psycholog..

International macroeconomics report : For this report, you will use the concepts that you have learned about macroeconomics and apply them to another country's economy. You may choose any country except the US or your home country (if it is other than the US), in order to demonstrate..

Create database schema use insert update and delete commands : Creating the database schema, use Insert, Update, and Delete commands. After creating the database schema, use Insert, Update, and Delete commands to populate the tables with the following information.

User Account

All Pages