Essays on The Sherman Act

1. Goals of the Physician Quality Reporting System (PQRS) The physician quality reporting system is an effective tool that helps the physicians in order to evaluate and measure the processes of health care, the structure of the organization and the perceptions of the patients. The goal of this system is to provide the high-quality health care. Some of the most crucial goals of PQRS include timely care to the patients, patient-centered, effective and efficient. a. Advantages and disadvantages of the PQRS program

Advantages

In case of the reporting through the claims, it requires only 20 unique Medicare patients In case ...

Business E-Commerce Cases

Business E-Commerce Cases The main issue that was being litigated in this case was whether the NFL, the NFL Teams, and the NFLP separate legal entities were capable of engaging in a contract, combination or conspiracy as defined by Section 1 of the Sherman Act? (Cheeseman, H.R., 2013). In order to understand the issue that the case outlined in the facts how Section 1 of the Sherman Act was approached by the United States Supreme Court. The United States Supreme Court ended up holding that the NFL, the individual tams, and the NFLP were separate entities capable of engaging ...

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 ...

Introduction

Just like his grandfather who was the ninth president of the U.S, Benjamin Harrison followed the in the footsteps on how his grandfather governed the country during his tenure from 1889 to 1893 as the 23rd president of the America. His election gave a confirmation that the White House demands a great personal skill and political expertise (Moore & Hale 13). Not meeting these attributes would stimulate a short-lived reign. During Benjamin’s administration, there wasendorsement of the protective tariffs that resulted in the increase of the consumable goods and considerably triggered the country’s economic despairs. Benjamin’s bold ...

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 ...

Landmark Antitrust Case Study Assignment

Dr. Mozayeni

Assigned #:__________________________ Monopoly 221 U.S. 1, Standard Oil of New Jersey v. U.S. (1911) 1. Write a 100- word abstract of the case, including the date of the case. The Standard Oil of New Jersey v. U.S. was a case that took place in 1911 and gave the Supreme Court gave its verdict on May 15, 1911. In this case, the Supreme Court of the United States found Standard Oil of New Jersey as being guilty of engaging in monopolistic and anticompetitive actions. These actions of the Standard Oil were as an attempt to monopolize the ...