Illustrate which law do you think texaco was found guilty

Assignment Help Business Economics
Reference no: EM1363427

12 Between 1972 and 1981, Texaco sold gasoline to independent Texaco retailers at "retail tank wagon prices" but granted substantial discounts to distributors Gill and Dompier. Gull resold the gas under it own name. Dompier resold the gas under the Texaco brand name to retail stations and entered the retail market directly. Since neither Gull nor Dompier had significant storage facilities, both distributors picked up gas directly from the Texaco plant and delivered it to their retail outlets. As a result, the sales volume increased substantially at the retail outlets. As a result, the sales volume increased substantially at the retail stations purchasing gas from these distributors, while independent Texaco retailers suffered a corresponding sale decline. In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Which law do you think Texaco was found guilty of violating?

Reference no: EM1363427

Questions Cloud

Explain an important part of business is to plan ahead : Explain An important part of business is to plan ahead and Identify three planning tools used for forecasting and the information each provides
Show why the firm should not be charged a per-unit tax : Show why the firm should not be charged a per-unit tax on the firms output to compensate for the pollution it discharged into a major river. Devise a game plan for responding to the questions that will be raised in the joint session of the subcomm..
Explain managers rely on financial ratio analysis : Explain Managers rely on financial ratio analysis when making decisions and What are the four key ratios and What information does each provide?
Obstacles in improving quality of care : Identify the factors that will be required for future change in the health care industry pertaining to quality improvement, patient safety, and risk management. What are the obstacles in improving quality of care?
Illustrate which law do you think texaco was found guilty : In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Illustrate which law do you think Texaco was found guilty of violating.
Epistemological perspective or stance influence : In what ways does the choice of an epistemological perspective or stance influence the formulation of a management research problem?
Explain how is capital budgeting used in an organization : Explain How is capital budgeting used in an organization and What are the considerations that need to be analyzed when setting up a proposed budget
Accounting problem for yates corporation : Yates Corporation began operations on January 2, 2010. It employs 15 people who work 8-hour days. Each employee earns 10 paid vacation days annually. Please prepare journal entries to record the transactions related to paid vacation days during 201..
Create class for hardware store to represent invoice : Create a class called Invoice that a hardware store might use to represent an invoice for an item sold at the store. An Invoice should include four pieces of information as instance variables a part number.

Reviews

Write a Review

Business Economics Questions & Answers

  Commonly expect for the future

Assume the current rent is also equal Illustrate one would commonly expect for the future.

  Muffler on your car suddenly needs repair

The muffler on your car suddenly needs repair, also there are only two automobile repair shops in town.

  Moral hazard is the degree of risk

The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.

  Two investment projects a manager

Determine which of the two investment projects a manager should choose if the discount rate.

  Ive in a simple economy what is additional information

Assume to you live in a simple economy in that only three goods are produced also traded: fish, fruit also meat. Illustrate what additional information might you require constructing your measure?

  What will happen to the price of bonds also to money

Illustrate what will happen to the price of bonds also to money holding if the Fed changes the interest rate as a result of a decrease in the money supply.

  What is nurds equilibrium evel of income

Illustrate what is Nurd's equilibrium evel of income. Illustrate what is likely to occur in the coming months if the government takes no action.

  Illustrate what type of economic flow would be illustrated

Illustrate what type of economic flow would be illustrated by the purchase of a Mexican candy-making factory by a U.S. corporation.

  Total benefits from each project

Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.

  How do they differ from economies of scale

Illustrate what is the meaning of economies of scope and explain how do they differ from economies of scale.

  Upward or downward movement

An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.

  What is the impact on the long run adjustment

What is the impact on the long run adjustment due to this condition. First, look at the impact of the market and then the single firm. What does it do to economic profits or losses, then what happens in the market.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd