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NISA [10]
3 years ago
11

What is the stated cause of action in the 2005 complaint filed by the U.S. Justice Department against the Zeon Chemical company

for antitrust violations
Business
1 answer:
Svetradugi [14.3K]3 years ago
4 0

Answer:

Zeon was charged with violating Section 1 of the Sherman Act, which states that, "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal".

The Department charged that Zeon and unnamed co-conspirators carried out the conspiracy by:

  • Participating in conversations and meetings to discuss prices of NBR to be sold in the United States and elsewhere;
  • Agreeing, during those conversations and meetings, to raise and maintain prices of NBR to be sold in the United States and elsewhere; and
  • Issuing price announcements and price quotations in accordance with the agreements reached.

The offence carries a maximum fine of $10 million for corporations and a maximum penalty of three years imprisonment and a fine of $350,000 for individuals for violations occurring before June 22, 2004. The maximum statutory fine may be increased to twice the gain the conspirators derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine.

Explanation:

A cause of action is a legal term which connotes a series of facts that are enough to warrant a legal action against a defendant. It begins with the major premise which is a statement of the law violated, followed by supporting  facts to justify the claim and then the consequences of such an action. In the 2005 complaint filed against Zeon Chemical company by the United States Justice Department, the said company was believed to be perpetrating price-fixing which is a violation of the antitrust laws, in this case, the Sherman antitrust laws.

The company was found to be fixing prices of synthetic rubber with some accomplices. They agreed to increase the price of this commodity and leave it at that level. This is an attempt to monopolize the market and limit competitors. This act is illegal. They pleaded guilty to the act and paid a fine of $10.5 million dollars.

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One of the consequences of the U.S. trade deficit is that Multiple Choice domestic inflation has resulted. the accumulation of A
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Answer: the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.

Explanation:

Trade deficit is a situation whereby the expenses incurred is more than the revenue gotten.

One of the consequences of the U.S. trade deficit is that the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.

7 0
3 years ago
Miller and Sons' static budget for 9,500 units of production includes $44,100 for direct materials, $52,600 for direct labor, va
EastWind [94]

Answer:

The correct answer to the following question is , direct material is equal to $64,525, direct labor is equal to $76,962, variable utility is equal to $9072 and supervisor salary is $15,700

Explanation:

Given information -

Budget for 9500 units of production, where

Direct material = $44,100

Direct labor = $52,600

Variable utilities = $6,200

Supervisor salaries which is a fixed cost is = $ 15,700

Calculating the direct material, direct labor and variable utilities when budget is of 13,900 units -

Direct material  = $44,100 x 13,900 / 9500

= $64,525 ( approximately )

Direct labor = $52,600 x 13,900 / 9500

=$ 76,962 (approximately )

Variable utilities = $6,200 x 13,900 / 9500

= $9072 (approximately )

Supervisor salaries is fixed cost = $15,700

6 0
3 years ago
Why are shut-off valves located within 12 inches from the "vehicle ends" of a/c service equipment hoses?
marissa [1.9K]
The answer is, "<span>to minimize venting of refrigerants".
</span>

A refrigerant refers to a substance or blend, more often than not a liquid, utilized as a part of a heat pump and refrigeration cycle. In many cycles it experiences stage advances from a fluid to a gas and back once more. Many working liquids have been utilized for such purposes.
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Leas Corporation staffs a helpline to answer questions from customers. The costs of operating the helpline are variable with res
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Answer:

d. $432,590

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In this scenario cost varies with volume of calls. This is called variable cost and is defined as cost that changes as the quantity of goods and services changes. Variable cost is a summation of all the marginal costs of units produced. They rise as production increases and vice versa.

To calculate the variable cost= Total cost/ volume

Variable cost= 452,500/25,000

Variable cost= $18.10

At a new volume of $23,900

Total cost= Variable cost * Volume

Total cost= 18.1* 23,900

Total cost= $432,590

4 0
3 years ago
Pat, the buyer's agent, was told by the prospective buyer to present an offer of $150,000 with the promise that he would increas
vichka [17]

Answer:

B

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The prospective buyer assured Pat he would increase the offer to $152,000 if the seller rejected $150,000

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