Drug cartel

businesses the opportunity to enhance their goods or services. On the other hand some businesses can see this transparency as a major drawback. This transparency could cause companies to settle with a formal agreement, also known as a cartel. An example of a cartel is the OPEC (organization petroleum exporting countries) that has been accused to regulate supply in

notion that this commodity is one of the most treasurable commodity of them all has led to the public being prepared to pay the prices that are set by a group of companies in an agreement known as a cartel. This essay will evaluate the diamond market on a microeconomic level and discuss how the diamond cartel came about, what has allowed it to operate for decades, as well as how it determines the price of diamonds. In addition, this essay will, by aid of diagrams

Pros and Cons of Antitrust Legislation Congress passed an antitrust law in 1890 to help keep companies from using monopolizing business practices called the Sherman Act (“FTC,” n.d., para. 1). Two more antitrust laws were passed in 1914. The two laws were the Federal Trade Commission Act and the Clayton Act (“FTC,” n.d., para. 1). These laws were put in place to protect consumers and businesses alike. Each law that has been put in place to ensure fair trade; and each one has its own pros and cons

Since the founding of the National Collegiate Athletic Association in 1906, there has been a principle in place that states that “student-athletes shall be amateurs in an intercollegiate sport, and their participation should be motivated primarily by education and by the physical, mental, and social benefits to be derived… and student-athletes should be protected from exploitation by professional and commercial enterprises” (NCAA, Division 1 Amateurism Deregulation Proposals, 2014). The NCAA has

White collar crime has been around for ages. Today more and more news stories can be found where the elite, the top executives of fortune 500 companies, are being prosecuted for participating in illegal activities. It was hoped that the passing of the Sarbanes Oxley Act of 2001 after the Enron debacle would reduce the amount of illegal acts being committed in corporate America. The Sarbanes Oxley act makes executives personally responsible for their activities requiring top management to sign

Introduction The purpose of this paper is to discuss how true clinical integration of hospitals and physicians is impacted by The Federal Trade Commission policy statements. In this context, the term true clinical integration is used to describe engagement and alignment among hospitals and physicians to achieve meaningful clinical process redesign that can change culture and lead to lasting differences in the way care is delivered. This is to differentiate the term clinical integration as an

The modern history of oil can be traced back to the early nineteenth century in 1849. Abraham Gesner, a prominent Canadian geologist, can be seen as one of the primary founders of Kerosene. Before this invention of kerosene, whale oil was the primary application for illumination in lamps but it was expensive and gave off a strong odor. Kerosene provided a cheaper and cleaner burning alternative. Shortly after his discovery, he founded the Kerosene Gas Light Company and first began by installing streetlights

ANTITRUST Antitrust law in the United States is a collection of federal and state government laws regulating the conduct and organization of business corporations with the intent to promote fair competition in an open-market economy for the benefit of the public. Congress passed the first antitrust statute, the Sherman Antitrust Act, in 1890 in response to the public outrage toward big business. In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act and the Clayton

A Review of the Literature on “Pay-for-Play” in Intercollegiate Athletics by Sara J. Singleton EDU 7253 Legal Environment of Higher Education June 21, 2015 Abstract In light of recent court cases such as O’Bannon v. National Collegiate Athletic Association (NCAA), the issue of whether intercollegiate student-athletes should be compensated for their athletic appearances on behalf of colleges has been featured in the news and been the subject of much scholarly writing. Some of the major streams

Introduction Last February, the Supreme Court issued its opinion in North Carolina State Board of Dental Examiners v. Federal Trade Commission (Dental Examiners). The case concerned the Board’s decision to stop teeth whitening services by non-dentists in the state. The Federal Trade Commission alleged that the Board had violated antitrust laws by attempting to limit competition by its teeth whitening decision. State entities such as the Board generally were thought to have immunity from antitrust