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