Platte River Meat Packing Company maintains a 3 percent share of the beef packing industry in the United States. Last year, it launched an unsuccessful effort to harm its competitors and garner monopoly share of the beef packing industry. Platte River's efforts are
a. actionable as a per se attempt to monopolize the meat packing industry
b. not actionable because antitrust laws do not punish unsuccessful attempts to monopolize, but only those that succeed.
c. actionable because Platte River possessed intent to harm its competitors regardless of whether its efforts were successful.
d. not actionable because Platte River lacked sufficient market power to ensure a dangerous probability of success and consequent serious threat monopolization
Answer: d. not actionable because Platte River lacked sufficient market power to ensure a dangerous probability of success and consequent serious threat of monopolization
You might also like to view...
The Caesar Park Hotel generally caters to business customers during the week, so weekends are relatively quiet. The hotel has decided to promote mini-vacation weekends for non-business customers as well. What is the Caesar Park Hotel trying to do?
A) It is implementing premium pricing. B) It is trying to cultivate nonpeak demand. C) It is promoting complementary services. D) It is putting reservation systems in place. E) It is implementing differential pricing.
Xorbate Blue is a relatively new food supplement that provides both high immediate satisfaction and high long-run benefits, such as improved energy levels and muscle tone. Xorbate Blue is best classified as a pleasing product
Indicate whether the statement is true or false