Historical note: When DuPont was charged with monopoly control of the cellophane market, it responded by arguing that the relevant market was flexible wrapping materials and that they had no monopoly control of that market. That argument
a. won the day so that it was found not guilty of monopolizing its market
b. was rejected by the Supreme Court and DuPont paid triple damages to its cellophane competitors
c. was rejected by the court system and DuPont was ordered to sell off 50 percent of its cellophane production facilities
d. never made it to the appeals court because DuPont settled out of court which is why they are not in the cellophane market today
e. was rejected because, upon inspection, it controlled 90 percent of flexible wrapping materials as well
A
You might also like to view...
A movement from one point of a demand curve to another is properly called a change in
A) demand. B) quantity demanded. C) tastes and preferences. D) the availability of substitutes.
Public goods: a. Can be both produced and financed by the private sector
b. Can be both produced but not easily financed by the private sector c. Cannot be produced but can be financed by the private sector. d. Cannot be produced or easily financed by the private sector.