Quiz Essay Example | Topics and Well Written Essays - 500 words

Quiz - Essay Example Which of the following actions can you ethically take? 13. Ojay Corp., A-C, Inc., and Kato Co. are competitors in the production and sale of knives. A year ago, the three firms agreed to share pricing information with each other on a periodic basis. As a result of this agreed sharing of information, the three companies regularly charge the same prices, including a minimum price that none of the three goes below and a maximum price that none of the three goes above. A fourth producer of knives is Bronco Co., the plaintiff in a Sherman Act section 1 lawsuit against Ojay, A-C, and Kato. Bronco claims in the lawsuit that the foregoing facts constituted price fixing and that Bronco suffered direct antitrust injury as a result. Assuming that Bronco is a proper plaintiff, which of the following is an accurate analysis under current antitrust law? B) If the court believes that the evidence demonstrates an agreement to fix prices, it will hold the defendants liable under section 1 without giving them the opportunity to make arguments concerning any allegedly sound business justifications for their agreement. D) If the court believes that the evidence demonstrates an agreement to fix prices, the defendants should succeed with an argument that they are not liable for any fixing of maximum prices, because any such price-fixing would have benefited consumers. 14. Mel is a securities broker who holds shares in Beanbag Inc. Mel does not disclose this to his customer Kim, whom he advises to buy Beanbag shares. Mel hopes that by not disclosing his conflict of interest, he will influence Kim to buy the shares. Kim, believing the information on Beanbag shares is given from Mels disinterested point of view, declares that buying Beanbag shares "sounds like an excellent idea" and purchases the shares. Which of the following statements is most