To prevent a cartel harming consumer’s benefit,
lots of Governments adopted the Leniency program
1) Definition
a syndicate or trust of firms,
created to generate unfair profits
2) Bad influence of cartel
1)By increasing prices,
and 2)decreasing outputs
Cartel harms consumer’s benefit
History ofthe Leniency Program
Since the adoption ofthe U.S.
ofthe Leniency Pro
the domestic LPG prices remained high despite of stabilized international price. It is revealed that LPG supply companies determined LPG sales price many times through the exchange of information and contact. Also, LPG suppliers established and enforced various ways to shirk competition and maintain price at a high level. Therefore, Fair Trade Commission ordered prohibition ofunfair common actio
the bill a restriction to an auditor was added saying that accounting firms should rotate the in-charge partners on an auditing assignment every 5 years in order to prevent auditors from getting too cozy with their corporate clients.
III. The reasons of Enron Crisis
1. Window dressing settlement
Enron's nontransparent financial statements did not clearly detail its operations and finance
Ⅰ. Introduction ofthe project
ⅰ. Reasons of Selection: JetBlue and Southwest
The US passenger airline industry is competitive and highly sensitive to GDP and economic situations. And their profits are sensitive to changing fuel costs, average fare levels and demand of passengers. Once unexpected situations happen like inclement weather, international events and terrorism, passenger demand
the negative impactof domestic protective currency manipulation on Korean economy. At first, we will grasp the current situation of currency war between U.S. and China. And then, we will review the impactof exchange rate policy of U.S., China, Japan, Euro countries on Korean economy.
1. Meaning of currency wars
Currency war, also known as competitive devaluation, is a condition in internation
One public official noted that the law firm’s interests and the government’s don’t coincide. The law firms are tied to results while governments in addition have systemic interests.
Hiring the law firm costed about US$200,000, of which an important part pertained to the claim on the AA. CIARA provided date and information related to the sector and INAI contributed to the building of argu
CONDITIONS
Considering both sides ofthe blade that first movers have, it will be important for companies to contemplate about conditions that should be met to achieve a success with first mover strategy. There are two conditions. One should know what customers want. One simple way to find out is to ask, “Does this new product have market value?” The idea ofthe product might have a pote
Ⅰ. Introduction
As a pervasive part of modern life, the Internet has become an important part ofthe human life. People can effectively acquire information and solve many daily problems through the Internet, such as shopping and taking online courses. As Internet use has become dramatically popular among adolescents, the world ofthe Internet became the principal information source and plac
the demise ofthe screen quota system argue that the local film industry is not yet sophisticated enough to global giants such as Hollywood which often has funds from 10 to over 1000 times greater compared to Korean films. Although many Korean films are produced, a significant number ofthem do not make it to theaters due to competition. They support the view the free trade is mechanism by which
the car needed some repairs and that they had taken longer than had been expected. I drove up to the place where we had planned to meet and saw Dad Waiting patiently on the corner. I apologized for being late and told him that I`d come as quickly as I could, but the car had needed some major repairs. I`ll never forget the look he gave me.
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