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san4es73 [151]
1 year ago
8

The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they Gro

up of answer choices met to review developments in the domestic market for steel. agreed to work together to control the price of domestic steel. promised to reveal to each other their positions on trade and tariffs. conferred on resource, supply, and distribution issues.
Business
1 answer:
-BARSIC- [3]1 year ago
5 0

Agreed to work together to control the price of domestic steel.

The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they agreed to work together to control the price of domestic steel.

<h3>What are the objectives of antitrust law?</h3>

The Sherman Act, the nation's first antitrust statute, was enacted by Congress in 1890 as a "comprehensive charter of economic liberty designed to maintain open and unhindered competition as the rule of commerce." The antitrust laws generally prohibit unauthorized mergers and business practices, leaving it to the courts to determine which ones are prohibited based on the specific facts of each case.

From the era of horses and buggies to the modern digital era, courts have applied antitrust rules to evolving marketplaces. Nevertheless, for more than a century, the antitrust laws have had the same fundamental goal: to safeguard the competitive process for the benefit of consumers, by ensuring that there are strong incentives for businesses to operate effectively, keep prices low, and keep quality high.

<h3>The three core federal antitrust laws:</h3>
  • Any "monopolization, attempted monopolization, conspiracy, or combination to monopolize" is prohibited by the Sherman Act, as is "every contract, combination, or conspiracy in restraint of trade."
  • The Sherman Act has harsh penalties that can be applied. The Sherman Act is a criminal law as well, and although the majority of enforcement actions are civil, anyone or any company that violates it may face legal action from the Department of Justice.
  • "Unfair techniques of competition" and "unfair or deceptive activities or practices" are prohibited by the Federal Trade Commission Act.

Learn more about antitrust laws here:

brainly.com/question/8431756

#SPJ4

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Fiber Cable Corp. negotiated a deal with Argentina under which Fiber Cable would build three cable manufacturing sites in the co
timofeeve [1]

Answer:

A buyback.

Explanation:

This deal negotiation with Argentina is a buyback. This is when a company buys its own outstanding shares to bring down the quantity of shares available on the open market

7 0
3 years ago
Feline Watch Company makes wrist watches out of silver metal sheets. Five hours of labor are needed to make each watch. Factory
natima [27]

Answer:

Feline Watch Company should budget $15,000 overhead costs.

Explanation:

5 labor hours per unit of watch at $7 per labor hour

Variable Overheads $4 per labor hour

Total Variable overheads for 500 watches

$4 per labor hour * 5 labor hours per watch * 500 watches = $10,000

Fixed Overhead = $5,000

Total Overhead = $15,000

4 0
2 years ago
g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates
Allushta [10]

Answer:

creates a shortage

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

6 0
2 years ago
In a period of rising prices, the inventory method which tends to give the highest reported net income is:
Blizzard [7]

Answer:

b. first-in, first-out.

Explanation:

Generally, there are three methods for estimating the inventory shown below:

1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones

2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase

3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.

4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory

In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.

7 0
2 years ago
Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes
Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0
3 years ago
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