Case of unfair advantages at the expense of consumers

Assignment Help Business Economics

Reference no: EM131112601

A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular collegigate and professional sports teams have been given legal authority to cooperate to limit competition (in businness, noot in athletic competition). Many other industries would like similar permission but most firms are not allowed to legally cooperate to restrain competitionn. Does there seem to be a public interest in the special permission for the athletics industry or does this appear to be a case of unfair advantages at the expense of consumers?

Reference no: EM131112601

Questions Cloud

Which social policies have made positive impact on your life : How have social policies (identify two or three) impacted you and your life? Which social policies have upset you, and why? Which social policies have made a positive impact on your life or the life of someone you know? How have they made a positive ..

What is social welfare policy : What is social welfare policy, and why do social work students need to understand it? What is a strengths perspective in social policy? Does it seem valuable and important to you to use a strengths perspective in developing and analyzing social polic..

Firms that operate in an olligopolistic market structure : Firms that operate in an olligopolistic market structure must consider how other firms in the industry will react to any decision yet it is illegal for firms to collude (work together) in most cases. Do you perceive that the laws that prohibit differ..

What is the marginal cost of driving the car : You rent a car for $29.95. The first 165 miles are free, but each mile thereafter costs 16 cents. You plan to drive it 200 miles. What is the marginal cost of driving the car?

Case of unfair advantages at the expense of consumers : A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular collegigate and professional sports teams have been given legal authority to cooperate to limit competition. Does t..

Sufficient reserves to meet its reserve requirement : Say that a bank has $200 M in loans, $10 M in reserves, and 200M in deposits. Also, the required reserve ratio (RR) is 6%. This bank bankrupt and it have sufficient reserves to meet its reserve requirement.

Direct effects of increased money and spending : Do you think that monetary policy works better through the indirect effect of low interest rates or better through the direct effects of increased money and spending? Can the government cause a recession and then limit the strength and speed of the e..

What effect does specific tax have on equilibrium price : What effect does a specific tax have on equilibrium price and quantity, and what is the incidence of the tax on consumers and producers, if the following statement is true: The demand curve is perfectly inelastic. The demand curve is perfectly elasti..

Demanded by homeland to offset this trade-diversion cost : Homeland is about to join Furrinerland in a free-trade area. Before the union, Homeland imports 10 million DVD recorders from the outside world market at $100 and adds a tariff of $30 on each recorder. How much extra imports would hae to be demanded ..

User Account

All Pages