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 of the Leniency Program
Since the adoption of the U.S.
of the 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 of unfair common actio
the nation's securities markets.
This act shows that all dishonest corporate leaders must be exposed and punished. It also made loose standard and false profit exist no longer in business world. In 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
Ⅰ. Introduction of the 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 impact of 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 impact of 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