Competitive Industry essay topics
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Federal Trade Commission Act
997 wordsThe Sherman Anti-Trust Act spelled it out for all to hear that monopolies and trusts, and attempts at them, were hereby considered illegal. Every contract or conspiracy that was in restraint of trade or interstate commerce was also deemed illegal. The act further mentions that Federal courts are empowered to restrain these companies and give injunctions, as well as, supe ona people and records. There is also mention in the act of relief for injured parties. In such a way that they can sue and re...
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Visa And Mastercard And Issue Credit Cards
1,793 wordsOn October 7, 1998 the Department of Justice announced it's intent to sue Visa and MasterCard on antitrust grounds. U.S. Attorney General Janet Reno said, "The Justice Department's antitrust division found persuasive and systematic evidence of the harm done to competition in the credit card market. Competitive initiatives that could benefit consumers have been abandoned, delayed or suppressed. Consumer choice has been reduced, and competition among card networks has been substantially restrained...
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Electric Utility System
356 wordsIn the late 1990's Americans for the first time found themselves in the position of being able to choose an electricity provider, as the once staid and monopolistic electric utility industry entered an era of freewheeling competition and deregulation. In this book Richard F. Hirsh explains how and why this radical restructuring has occurred. Hirsh starts by describing the successful campaign by utility managers in the first decade of the century to protect their industry from competition. The re...