Cartel Essays

Cartel and E Books

The article I selected concerns the upcoming antitrust trial of Apple for colluding with publishers to raise the price of e-books (Chen & Bosman, 2013). Why was the firm investigated for antitrust behavior? Apple was investigated, as well as several publishing companies for conspiring to keep e-book prices high. Amazon is the biggest retailer of e-books, and the publishing business has been thrown into chaos by the popularity of e-books. Publishing companies used the old publishing model of selling e-books…

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Antitrust Practices and Market Power

Apple was investigated, as well as several publishing companies for conspiring to keep e-book prices high. Amazon is the biggest retailer of e-books, and the publishing business has been thrown into chaos by the popularity of e-books. Publishing companies used the old publishing model of selling e-books like print books where the publisher sells the book to the retailer, like Amazon or Apple, at about half the price of the cover price and the retailer can sell the book at…

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Antitrust Practices

Antitrust practices are practices carried on by businesses that end up destroying perfect competition in the market. Antitrust laws are laws prepared to seek and promote healthy market competition by preventing anti-competitive practices by companies. Some of the illegal practices that constitute to antitrust behavior include corporate mergers, monopolies and price fixing conspiracies (Bailey, 2010). The Clayton Act of 1914 was passed by the U.S Congress. It was an antitrust law that was amended to stop and prevent practices that…

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American Monopolies

This short article by Douglas A. McIntyre paints a very good picture of how many of the American Technologies companies are pure monopolies within this industry. McIntyre opens this article by saying “A monopoly is either what the government says it is or what a dominant company’s competitors claim. The Governments opinion is the only one that counts…. ” (McIntyre, 2012). McIntyre then mentioned that there was this Act that prohibits businesses from activities that are found to be anticompetitive…

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Has Opec Been a Successful Cartel_

A cartel is an organisation of producers grouped together for their own benefit. The most well known cartel in existence today is OPEC, Organisation of Petroleum Exporting Countries. Its members are some (but not all) of the most important oil producing countries including Saudi Arabia and Mexico. Most cartels try to raise prices at the expense of consumers. The aim of this essay is to determine whether OPEC has been a successful cartel, this will mean I have to examine…

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Opec Cartel

“OPEC As a CARTEL” There are two kinds of extreme market structure and they are perfect competition and imperfect competition. In a perfectly competitive market there are many numbers of sellers and many numbers of buyers selling and buying homogeneous products, therefore there is very little impact of a single buyer or seller changing the price of his/her product. In an imperfect competitive market there are few sellers and these sellers have some control over the prices and output of…

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Drug Trafficking in Mexico

Drug Trafficking in Mexico: Social, Ethical and Political Problem. Around 20 years ago in Mexico, reading about someone getting his or her head cut-off was something from a horror movie, but times have changed now. Now it is not uncommon to hear about shootings, massacres, or people getting dissolved in acid. Nowadays, reporters have to cut back on whatever news they have for the media. Almost everyone is keeping secret all the things they know about the ongoing war on…

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