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Hoochie [10]
3 years ago
13

Cooperation among oligopolies runs counter to the public interest because it leads to underproduction and high prices. In an eff

ort to bring resource allocation closer to the social optimum, public officials attempt to force oligopolies to compete instead of cooperating.
Consider the following scenario:

Suppose that the leaders of several oil corporations hold a secret meeting in the Cayman Islands where they agree to restrict fuel output in order to boost prices. As a result of the higher fuel prices, an airline company loses billions of dollars.

This airline company could recover three times the damages it has sustained by suing the appropriate oil corporations under which of the following laws?

A. The Celler Kefauver Act of 1950
B. The Sherman Antitrust Act of 1890
C. The Robinson Patman Act of 1936
D. The Clayton Act of 1914
Business
2 answers:
cluponka [151]3 years ago
8 0

Answer:

D The Clayton Act of 1914

Explanation:

Anna71 [15]3 years ago
6 0

Answer:

D. The Clayton Act of 1914

Explanation:

In this example, the airline company could recover the damages it has sustained by suing these oil corporations under the Clayton Act of 1914. The Clayton Antitrust Act was passed by Congress in 1914 with the intention of preventing unethical business practices among different businesses. These practices include price-fixing and monopolies.

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Smart Manufacturing budgeted costs for 50,000 linear feet of block are: Fixed manufacturing costs $24,000 per month Variable man
Gekata [30.6K]

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3 years ago
New issues of municipal short term notes are available in which form?
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