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lianna [129]
3 years ago
6

Monopoly power runs counter to the public interest because it leads to high prices, resource misallocation, and inefficiency. An

titrust policy is one of the government's instruments for curbing monopoly power and protecting competition.
Suppose that a major tire retailer purchases a major manufacturer's car tires at a discount on the condition that it must also purchase the manufacturer's truck tires. As a result of the agreement, several tire manufacturers lose their market shares and eventually exit the industry. This agreement would explicitly violate which of the following laws?

The Clayton Act of 1914

The Sherman Antitrust Act of 1890

The Robinson–Patman Act of 1936

The Celler–Kefauver Act of 1950
Business
1 answer:
Stells [14]3 years ago
6 0

Answer:

C. The Robinson–Patman Act of 1936

Explanation:

The Robinson-Patman Act of 1936 is an amendment to The Clayton Act of 1914, which particularly prohibits price discrimination. Price Discrimination is an act in which distributors or sellers of certain goods, give discounts to people who they seem to benefit more from while smaller shops buy the goods at a costlier price.

The instance where the major tire manufacturer has an agreement to make a price discount with the manufacturer of truck tires is an example of price discrimination, and the consequence is that other markets are affected as they now exit the market. This is a clear contravention of the Robinson-Patman Act of 1936.

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The Ryan family had a fire that destroyed their home. Various departments of a restoration company, from the initial cleanup cre
Dahasolnce [82]

Answer:

The correct answer would be, System.

Explanation:

The restoration of the Ryan Home is an example of a System.

A System is a set of interrelated activities, set of tasks working together, as a part of the whole mechanism. Small tasks, departments, works, jobs, duties, make a system.

In this question, The restoration company is acting as a system, as they are providing assistance with the Ryan Family from the initial clean up to the moving back in with the family after the whole fire stuff. All of the restoration company's interrelated parts working together to accomplish a goal, which is an example of a System.

5 0
3 years ago
Taylor Equipment Repair Service is owned by Jason Taylor. Cash $ 33,700 Supplies 5,780 Accounts Receivable 12,600 Equipment 77,4
kumpel [21]

Answer:

Owners Equity/Net Worth is $106,080

<u>Explanation:</u>

<u>Assets</u>

Cash                             $33,700

Supplies                       $5,780

Accounts Receivable  $12,600

Equipment                    <u>$77,400</u>

Total Assets                 <u>$129,480</u>

<u>Liabilities</u>

Accounts Payable                 $23,400

<em>Owners Equity (Balance)    </em><u><em>$106,080</em></u>

Total Liabilities and Equity    <u>$129,480</u>

4 0
3 years ago
.Cantlivia is a small and poor nation, but its current prime minister has a desire to create more wealth for her citizens. The p
makkiz [27]
<h2>Establish a business environment that promotes and rewards is the choice which the Prime Minister likely to choose.</h2>

Explanation:

The motto here is to increase the wealth of the country.

Option 1: Invading other countries is unethical and also, it cannot assure that, Cantlivia will improve. The reason is the country which the option says is poorer than Cantlivia, so point of growth could be seen.

Option 2: Already the country economy is down, so purchasing new tools is not possible hence this option is invalid.

Option 3: We can increase wealth only by creating business and creating entrepreneurs. So this is the right choice.

Option 4: Creating a barrier will actually slow down wealth. So this option is not right.

4 0
3 years ago
Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% a
Sonja [21]

Answer:

D) CM per unit: Increases

CM ratio: No change

BE in units: Decreases

Explanation:

Let us suppose that

In the first case

The selling price per unit is $100

And, the variable cost per unit is $50

The fixed expense is $100,000

So, the contribution margin per unit

= $100 - $50

= $50

The CM ratio is

= $50 ÷ $100

= 50%

And, the break even point in units is

= $100,000 ÷ $50

= 2,000 units

Now if the selling price per unit and the variable expense per unit both increase by 10%

So,

The selling price per unit is $100 × 1.10 = $110

And, the variable cost per unit is $50 × 1.10 = $55

The fixed expense is $100,000

So, the contribution margin per unit

= $110 - $55

= $55

The CM ratio is

= $55 ÷ $110

= 50%

And, the break even point in units is

= $100,000 ÷ $55

= 1,818 units

Hence, the last option is correct

8 0
3 years ago
The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000
nikklg [1K]

Answer:

OPERATING ACTIVITIES

SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money

(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages

INVESTING ACTIVITIES

SOURCES: NONE

(USES:) PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000  , the company pays for the equipment

FINANCING ACTIVITIES

SOURCES: NONE

(USES:) DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000, the company pays dividends

5 0
2 years ago
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