from entering into unlawful competition. B1. Industrial regulation deals with the government regulation of a business pricing in certain markets. It helps to decrease the control of oligopolies, prevent conspiracy and increase competition among companies. This regulation helps the consumer know that oligopoly businesses are prevented from charging unfair prices. B2. The justification for industrial regulation is to prevent monopoly power from becoming abusive. This regulation allows
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Group Project Stage 1: 1) Dependent Variable: Quantity of economy cars. The units of measurement that will be used in this analysis are quantity. For example, 1 economy car, 2 economy cars, etc. 2) Independent variables: a. Price (P): This variable will be important because price is a factor when renting a car. Price is also a factor when 60% of customers are college students. We expect to not see a correlation when prices go up, conjointly rental of cars will decrease.
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Case Analysis 4: Google’s attempt to but into wireless via 700MHz Spectrum Auction TM583 12/09/2012 Why did Google make this move? What do they hope to accomplish? Google made this move because they wan to compete with the other companies and become innovated. Google has most been known for their website and maps and now, they want to be known for more. “Google interest in the spectrum came after AT&T and other larger broadband providers expressed interest in recent years in getting web-based
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Phase 4 Individual Project, Ethics in the Business Environment Hope Green Colorado Technical University Professor Sweet MGM365-1401B-01 Phase 4 Individual Project, Ethics in the Business Environment Morals and Values Good morals and values are things that we should have in regards to not only our personal life and the way we act and treat people, but also in regards to our business life and how we treat both coworkers and customers. Values are the actual beliefs that we live by in our lives such
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These types of growing with the economy that Microsoft has made has led many consumers and smaller companies to feel that Microsoft was a monopoly because of the worldwide acknowledgement and factors. This too can create some difficulty for smaller companies such as Toshiba to produce a similar product to create economic completion, it left the company to partner with Microsoft to create a consumer base. Now Microsoft is a leading ninety five percent of top leading computer companies which can make
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assets from another firm, effectively reducing competition. The Celler-Kefauver Act closed this loophole. B. Discuss the intended purpose of industrial (i.e., economic) regulation as it applies to the following market structures: 1. Oligopoly Oligopolies can be regulated by price regulation. This helps to reduce the market power of
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good use of resources, also the price of their goods are determined by the price the market will bear and consumers benefit. Whereas in a monopolistic competition there exists a market structure that could allow competitive monopolies, duopolies, oligopolies, and monopolies to charge higher than competitive prices or the use inefficient use of resources and limited supplies, creating an environment that is not conducive to the benefit of the consumer. . (McConnell, Brue & Flynn, 2012) 2. Explain
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Situation 1: The motorcycle helmet market has 13 companies, and four firm concentration ratio of 26%. While the helmets have a variety of designs, they are sold at very similar prices. Recently, the death rate from head injuries in motorcycle crashes has been rising. The producers advertise their helmets as “effective,” but some helmets withstand most falls and others are produced with materials that are more likely to crack in commonly experienced falls. The weaker helmets cost about $8 less to
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Essay Australian Competition Consumer Commission (ACCC) has taken Federal Court action against Apple for misleading claims about the connectivity speed of the latest iPad. Apple had advertised on there website as an iPad with WIFI+ 4G capabilities, the tablet is unable to use the 1800MHz frequency which is Australia’s existing 4G network. The ACCC is a part of government that aims to encourage competition in a stable environment and to look after the consumer so the consumers do not believe that
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of merging with that company. An oligopoly market is where there are a few large producers of a product or service. Since there are only a few companies competing in an oligopolists market any type of change that one company does will directly affect one of or all the other companies. A monopoly is where a single company is the only producer of that product or service where there are no substitutes. Industrial regulation affects companies who are an oligopoly in many ways because the company has
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