Price-Fixing College Essays Samples For Students

General Electric

A price fixing scheme is an arrangement in which competing businesses set up a mechanism to fix prices of certain commodities in an effort to steer clear of price competitions. Price fixing is a criminal offence since it promotes unfair competition and the public is denied access to those commodities at reasonable prices. General Electric and other suppliers of heavy electrical equipment engaged in price fixing schemes until 1960. When General Electric withdrew from the price fixing schemes meeting, prices fell gradually upto a bottom low of between 45 to 50 percent from the book price. Therefore, the equilibrium price during the ...

Price fixing is a critical economic factor that determines the price at which various traders across the globe sell their goods and services. A point to note is that for the price fixing to be fair and just to consumers, government regulations are essential. It is for this reason and no other reason that the federal government has two major concerns for price fixing (Connor, 2001). The federal government is greatly concern with any agreement or collusion made by the competitors in price fixing. Secondly, bid rigging is another major concern for the federal government. My primary concern is the ...

The 1890 Sherman Anti-trust Act is identified as the first and most critical of all U.S antitrust laws. The act, which was signed into formal law by the then president, Benjamin Harrison was named after its biggest campaigner, John Sherman, who was the Ohio Senator then. The Act explains the primary reasons why consumers are best served by a free trade, without many restrictions. The primary reasons why price fixing among sellers comes with such things as restrictions on output and geographic areas is to create a business environment that does not encourage the presence of monopolies.
According to the ...

Protection of Customers’ Interests under the Terms of the Competition Act 1998

Introduction
Effective competition is considered to be the crucial factor both for protection of consumers’ interests and for business sector development. Protection of consumers’ interests is the key issue for the development of effective competition policy. Maintenance of effective competition in the UK markets is important to achieve necessary balance between prices and supply of goods.
The first part of this essay is devoted to the competition issues, detailed analysis of practical implications of the Competition Law 1998, protection of consumers’ interests, and analysis of the lawsuits with regard to the Act.
The second part of ...

Introduction

For a long time, consumers in the United Arab Emirates suffered from unfair competitive practices that they experienced as a result of companies looking to gain the best profits. The companies thus took advantage of the fact that there were no existent rules and regulations that could control the unhealthy competition in the region. Unhealthy competition is act as a barrier to new firms joining that would automatically provide services that are price friendly to the users. Additionally, consumers are supposed to receive quality goods and services from the companies. However, in the presence of weak regulations with regards ...

Problem StatementAs chief legal officer of his company, Alistair is responsible for submitting advisory reports to the company’s board, mostly on request. When requested to conduct a price-fixing problem in the company’s European offices, Alistair finds out that the major problem in the company’s European offices is not price fixing. However, as he almost concludes his report on this issue, he finds out that there is an issue with the Bosnia contract. The company signed a contract with a major relief organization in Bosnia to supply over a million inexpensive kits of medicine for delivery into the war torn Bosnia ( ...

Introduction

Market structures are dependent on various factors ranging from the number of firms operating in a certain market to the market power enjoyed by specific firms. In that respect, different markets require different regulations in a bid to achieve efficiency in terms of competition fairness and service to consumer as well as social interests. Thus, the structure differences call for different types of regulations including industrial and social regulations all of which have different purposes. In addition, enforcing the laws requires specific authorities which have mandates to ensure that market and social efficiency is achieved. In that consideration, this analysis seeks ...

Following the American Psychological Association’s Guidelines

The Nature of Competitive Market Structures
Market structures define the nature and characteristics of the competition that exists among the firms or sellers in a particular industry. There are generally four areas that are the foci in the study of market structures of industries: (1) firm boundaries, (2) seller concentration, (3) product differentiation, and (4) conditions of entry (Church and Ware, 2000). Firm boundaries apply to questions like why companies integrate vertically or why they outsource products and services. Seller concentration pertains to how many firms account for a greater percent of the market revenues or sales. Product differentiation refers ...