Give two examples of legal actions against price fixing among firms
What will be an ideal response?
Several recent examples are: (a) Between 2008 and 2010, five manufactures of liquid crystal displays were fined for fixing the price of displays they sold to Dell. (b) In 2009, three international cargo airlines were fined with conspiring to fix international cargo airfare rates. (c) In 2012, nine auto parts makers were fined for conspiring to fix the price of automobile heater control panels. Eleven corporate officers received jail time.
You might also like to view...
The goal of fiscal policy is to ________, and typically focuses on ________
A) balance the federal budget; tax rates and tax revenues B) stabilize the supply of money in the economy; price stability C) reduce the severity of economic fluctuations; employment and production D) eliminate balance of payments deficits or surpluses; exchange rate stability
Private property rights are important because:
a. they create incentives for people to improve their standard of living. b. the Constitution says so. c. they allow students to choose their major field of study in college. d. an economy cannot function without them. e. goods cannot be produced without them.