Essays on Antitrust Laws

Abstract

The report focuses on the market analysis for Redbox Automated Retail, LLC. The company provides customers with Blu-ray, video game, and DVD rentals through a variety of automated retail kiosks/self-care kiosks located in various convenience, drug, and grocery stores. The main clienteles for the company include the gamers, family oriented renters, and youth renters. The company uses its different automated retail kiosks in meeting the customer demands of speed, cutting-edge technology, reasonable prices, new releases, and convenience. The environmental factors that affect the way Redbox Company conducts its business include the laws and regulations in the DVD, game, and ...

Introduction

The first antitrust law was formed by the Congress in the year 1890. It was referred to as Sherman Act, and its aim was to ensure that there was economic liberty, by ensuring that the competition in the trade was fair. Later, the Congress passed other two antitrust laws in the year 1914, and these additional laws contained some revision to the first antitrust law. Those laws were the Clayton Law and the Federal Trade Commission Act. The court applies the antitrust law to prevent illegal business practices and unlawful mergers. The main objective of the antitrust law is ...

Back in the 1800s, the American economy was controlled by several large businesses commonly known as "trusts." These companies controlled every aspect of the economy; railroads, steel, oil, and sugar. Industrialist such as John D. Rockefeller and Andrew Carnegie who owned the oil and steel industries during the 1800s were monopolies and controlled both the supply of their products and prices without any governmental interference (Clark 20). As a result of monopoly, small businesses and individuals had limited choices of their buyers; they were forced to cope with the high prices and constant exploitation from the monopolized companies. The ...

Price competition is the core element of a free-market economy. Firms and organizations have been engaging each other in pricing behaviors like price fixing, price collusion, predatory pricing, deceptive price advertising, price confusion, resale price maintenance, and price discrimination amongst others (Grewal, and Compeau 3). These practices concerning pricing have a great impact on the public welfare. As a result, the government has taken the position of implementing legislation and judicial policies that aim at regulating the price behaviors in organizations. Other agencies that monitor pricing include the federal and local government. According to Grewal, and Compeau (3), the ...

Antitrust Law: The Great Northern Railway

Introduction One of the wonders of the free market is that there are no restrictions when it comes to buying and selling products and services. However, this advantage comes at a cost as well. Due to total freedom, people and companies are theoretically free to impose whatever prices they dictate for the goods they sell, without regard to the welfare of their customers. This is exactly what happens in monopolies, wherein only one company holds the control of a certain commodity or service. Monopolies are usually seen as bad because they do not adhere to the laws of supply ...