Business, 17.03.2020 20:12, josephmelichar777

Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. In an effort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating. Consider the following scenario:

Suppose that the leaders of several oil corporations hold a secret meeting in the Cayman Islands where they agree to restrict fuel output in order to boost prices. As a result of the higher fuel prices, an airline company loses billions of dollars. This airline company could recover three times the damages it has sustained by suing the appropriate oil corporations under which of the following laws?

a. The Celler–Kefauver Act of 1950

b. The Clayton Act of 1914

c. The Sherman Antitrust Act of 1890

d. The Robinson–Patman Act of 1936

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, jackiecroce1

Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t

Answers: 3

continue

Business, 22.06.2019 10:50, iaminu50

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Answers: 3

continue

Business, 22.06.2019 18:10, maddihamidou

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

Answers: 1

continue

Business, 22.06.2019 23:00, terrickaimani

Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers

Answers: 1

continue

Do you know the correct answer?

Cooperation among oligopolies runs counter to the public interest because it leads to underproductio...