Question

True or False

31. ________ Typically, a business must sell its goods to all its customers at the same price. However, there are exceptions such a meeting competition to give some buyers a different price.

32. _______ A business could have 93% of the relevant market share and still be a legal business. One example would be if the company was simply the best.

33. ______ You can have an illegal monopoly of one.

34. _______ Random drug tests are upheld by the courts when safety is an issue, such as for truck drivers. (I wonder how many of you can pass – Megan for sure can pass)

35. _______ The game of MONOPOLY is illegal in that the goal is to destroy all other businesses and create a monopoly contrary to the Sherman Act.

Answer 1

True or False

31. True.

Some times the companies sell their products at different price. they are so many reason, but mostly its for meeting completion. Eg: in purchase of a products from flipkart under 500 rupee their will be a Shipping  charges for every customers. But flipkart give Free shipping charges for their Plus Members.it reduce the total price of the product under 500. It is for attracting customers and retaining them, meeting the competition.

32. False.

If the company has 93% of the relevant market share and be a legal business, we cannot say that it a bust business. they are other other factors that will be affect the performance of the business. such as Internal environment (Corporate value, mission vision, goals, organizational structure, human resources, financial factors) External environment ( Micro environment and Macro environment )

33. False.

Law prohibit illegal monopolies. not all monopolies are illegal. but monopolies are illegal if they are established or maintained through improper conduct, such as exclusionary or predatory acts. this is known as anticompetitive monopolization.

Classlawgroup.Illegal monopolies, https://www.classlawgroup.com/antitrust/unlawful-practices/monopoly/

34. True

35. True.

The Sherman Antitrust Act is primary federal antitrust law in United states, It prohibits all contract combinations, and conspiracies that unreasonably restrain interstate trade. the Sherman act also prohibits any effort to monopolize any part of interstate commerce.

Classlawgrou.Sherman Antitrust Act, https://www.classlawgroup.com/antitrust/federal-laws/sherman-act/