LEARNING ACTIVITY 1
COMPETITION IN THE FREE MARKET SYSTEM

Provide an example to illustrate one of the four types of competition in a free market system: perfect competition, monopolistic competition, oligopoly, and monopoly. Did this competition result in any type of government intervention? Project how this type of competition, if widespread, would impact the overall health of the economy.

In the mid 1970's AT&T ,a provider of Local and long distance telephone service, had either destroyed or bought most of the company's competition, becoming the country's largest and most influential telecommunications company (AT&T Breakup, January 2015). Thus creating a government regulated monopoly. The FCC was created to monitor the actions of AT&T. In 1974 The Antitrust Division of the U.S. Department of Justice sued AT&T. If the FCC had not stepped in and demanded more competition we may not have the likes of Sprint, Verizon, and T-mobile in today's marketplace, making it more expensive for the consumer.
LEARNING ACTIVITY 2
Determining ethical boundaries can sometimes be a challenge, since ethics is both based on individual beliefs as well as societal standards.
Would receiving a holiday gift from a client be considered bribery? Would it be wrong for a person in a position of power, like a mayor, to ask a bank manager friend for a personal loan? On a more practical level, is it unethical for a cashier to provide a coupon to a customer who did not have one at the register? Is it unethical for someone to complete a timesheet recording eight hours of work, when they left 45 minutes early?
Select a case study of an ethical dilemma in the workplace. You may use an example from this week’s readings, your professional experience, or a website.

Please answer the following questions:
1. What is the ethical dilemma? Describe the individuals