Business Law (predators Businesses often engage in predatory practices to deter their competitors from entering their market niches or send their competitors out of business. Certain business ventures usually reduce their prices to destroy their rivals or worse still discourage new entry into the market. This happens regardless of the existence of the Sherman Act that was enacted to prohibit this predatory practice. The Sherman Act has largely been considered vague because of its inability to reign in firms that engage in predatory pricing vice (Areeda & Turner, 1975). Business ventures that engage in predatory pricing tend to draw a very vague line between legitimately competitive prices and prices that are utterly predatory. Businesses that engage in predatory pricing normally price their products below appropriate measure of cost with an intention of driving their financially weaker competitors out of business and establishing monopoly power. Courts have failed to address the issue of predatory pricing in context of the antitrust laws (Oster & Strong, 2001). There are no standards that address cost/price test. The antitrust laws have failed to come up with standards that hold prices below...
There is more to predatory pricing that is not known as it also involves intertemporal behavior patterns that cannot be adequately addressed by comparison of prices and costs. It is a strategic behavior with intertemporal undertones (Oster & Strong, 2001). Those engaging in predatory pricing do not incur losses in standard accounting sense. He incurs lower profits. The predator incurs economic losses as opposed to accounting losses.
Finally, domestic violence advocates argue against family counseling because the idea of family counseling may bolster a batterer's argument that his or her victim somehow contributed to or helped cause the violence. From a criminal justice point-of-view, such a position is untenable. A person who steals a car is no less guilty of grand theft auto if the owner left keys in an unlocked car than if they broke
Social Media and Law Enforcement Social Media Issues in law Enforcement Social media and law enforcement: Boon or bane? Social media is a fact of everyday modern life. For law enforcement personnel, it has created new opportunities to share resources with the public, including as 'tweeting' information about a possible suspect or releasing safety information to the public about terrorist incidents or natural disasters. At first, in the Internet age, police departments were
Internet predators seem to have a penchant for engaging adolescents in areas that are able to be monitored for content. The law enforcement via federal grants can track and collect information on a particular IP address to determine precisely what the intent is on that individual and use that as a means to limit his internet activity. A special program can be installed onto the computer of the solicitor
Environmental Crimes and Health and Safety Law Violation With the current changes in weather patterns, strange climatic conditions and other uncontrollable natural disasters, there has been a lot of attention directed towards the environment and the way people may be contributing to the degradation of the environment in small ways that is summed up results into the disasters that we see on daily basis. The environment is becoming unpleasant on an
Christian Biotechnology: Not a Contradiction in Terms Presented with the idea of "Bioethics" most people in the scientific community today immediately get the impression of repressive, Luddite forces wishing to stifle research and advancement in the name of morality and God. Unfortunately, this stereotype too often holds true. If one looks over the many independent sites on the Internet regarding bioethics, reads popular magazines and publications, or browses library shelves for
, 93 F. 3d 1358 (CA7 1996) for its statement that "monopsony pricing is analytically the same as monopoly...pricing and is so treated by the law." Based on this determination that the two concepts are analytically similar, the Court thus concludes that therefore "similar legal standards should apply to claims of monopolization and to claims of monopsonization." Reasoning that predatory-pricing is fundamentally an act of monopolization and that predatory-bidding is
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