answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Which act made it illegal to buy up companies in the same industry to gain a competitive advantage?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Which piece of legislation made it illegal for railroad or shipping companies to use rebates as a way to control price?

Hepburn Act


Why country should impose protectionism policies on international trade?

Due to certain geographical or demographic conditions, some country have competitive leverages such as cheap labor or availibilty of natural resources. To protect countries from ills of dumping, trade of illegal items they impose it.


Can Iceland citizens get European union passports?

No, because Iceland is not currently part of the EU. Iceland has applied to be a member, however their membership is neither accepted nor declined due to debates over allowing Iceland to enter the EU, mostly due to Iceland's illegal fishing activities such as Whaling. Until Iceland cease their illegal fishing industry, it is very unlikely that Iceland will be part of the EU.


What do you call an agreement made between differnent companies to charge the same amount for products?

An agreement made between different companies to charge the same amount for products is called **price fixing**. It is a type of anticompetitive practice that is illegal in most jurisdictions. Price fixing can be done either horizontally, between competitors, or vertically, between a manufacturer and its distributors or retailers. Price fixing can have a number of negative consequences for consumers. It can lead to higher prices, less choice, and lower quality products. It can also stifle innovation and reduce economic growth. Here are some examples of price fixing: Two competing grocery stores agreeing to charge the same price for milk A group of car manufacturers agreeing to set a minimum price for their vehicles A book publisher agreeing with its retailers to set a minimum resale price for its books Price fixing can be difficult to detect, but there are a number of red flags that can indicate that it is taking place. These include: Identical prices for competing products A lack of price competition Refusal by suppliers to sell to retailers who discount their products Industry-wide agreements on pricing policies If you suspect that price fixing is taking place, you can report it to the relevant competition authority. Note: It is important to note that price fixing is illegal in most jurisdictions, and companies that engage in it can face serious consequences, including fines and imprisonment.


What year did discrimination become illegal?

1986

Related questions

Is it illegal in Canada to be a performer on an adult webcam site?

I don't believe it is illegal. The adult industry is pretty well regulated. The legitimate companies who follow applicable laws do recruit models in Canada.


Are siding contractor companies run by illegal immigrants driving down the price of labor?

A company can not be owned and run by illegal residents. They could be working for the company and it could effect wages in the industry.


Why wont the President make cigarettes illegal?

Because tobacco is a million dollar industry. The CEO's of tobacco companies are extremely rich and influential.


What industry do most illegal aliens work in?

From what I have seen in Southern California, illegal aliens work in the handyman/day worker industry. There are many who say the industry that employs the most illegal workers is the farm industry. In many states, the illegal immigrants work in the garment industry, and domestic positions.


Can companies have illegal policies?

Companies cannot have a policy that is illegal Companies CAN publish illegal policies. They cannot compel employees to obey those policies not punish those who disobey illegal policies.


How is the insurance industry regulated?

The insurance industry has some federal regulations, but the federal govenment cedes most control to the state insurance commissions, each state has one and they regulate a companies and agents in that state and all companies and agents who do business in that state. These commissions are who you would report it to if you suspected a company of illegal actions.


When did downloading music become illegal?

The downloading of music never became legal, for it was always illegal according to copyright laws. However, in 2001, the Recording Industry Association of America or RIAA filed suits on companies allowing the download of music for free.


What is the most profitable industry in the world legal or illegal?

illegal would probably be either the selling of illegal drugs, or human trafficking.


What industry brings more money into Colombia than the coffee-growing industry?

the illegal drug trade


What is Illegal group of companies that discourages competition?

A trust


What is an illegal grouping of companies that discourages competition?

A trust


What advantage does China's most featured status bring it?

illegal buisness