Answer:
Date Account Title Debit Credit
1-Jul Supplies $345
Accounts Payable $345
2-Jul Utilities expense $700
Cash $700
3-Jul Salaries expense $875
Cash $875
8-Jul Cash $4,015
Accounts Receivable $4,015
12-Jul Accounts Receivable $11,000
Revenue earned $11,000
Answer:
<em>Yes, this is antitrust violation. Because, the tend to restrain trade in that small city thereby denying other small player brokerage firms from making a living due to their monopolistic actions among themselves.</em>
Explanation:
Antitrust laws are designed in-order to prohibit a number of business practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers that are likely to cut back the competitive fervor of certain markets, and predatory acts designed to gain or hold on to monopoly power.
<em>Violations of such laws attract sanctions and punishment from the regulatory body in-charge of protecting such.</em>
