Classics by Cathy is a United States company that sells upscale clothing worldwide. Classics sells clothes to Britain's Best Clothing inEngland. After a dispute arises between the two companies, Britain's Best sues Classics in England. Classics does not respond to thelawsuit, and a default judgment is entered against Classics. When Britain's Best brings the default judgment to the United States forcollection, the United States court will:O require the parties to litigate the dispute before the United States court.O not honor the default judgment because it was not obtained in a United States.court.honor the default judgment under the principle of sovereign immunity. require the parties to litigate the dispute before the United States court.not honor the default judgment because it was not obtained in a United States court.honor the default judgment under the principle of sovereign immunity.honor the default judgment under the principle of comity because this judgment is consistent with the law of theUnited States.

Classics by Cathy Is a United States company that sells upscale clothing worldwide. Classics sells…

Answered: Classics by Cathy is a United States…

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter14: Monopoly

Section: Chapter Questions

Problem 14.10P

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Cesar Rego Computers, a Mississippi chain of computerhardware and software retail outlets, supplies both educationaland commercial customers with memory and storagedevices. It currently faces the following ordering decision relatingto purchases of very high-density disks:D = 36,000 diskss = $25I = 20%Purchase price = $0.85Discount price = $0.82Quantity needed to qualify for the discount = 6,000 disksShould the discount be taken?
FIRSTRAND BANK, WESBANK AND TFS REFERRED TO COMPETITION TRIBUNALFOR COLLUSIONJOHANNESBURG - The Competition Commission said that it had referred FirstRand Bank, WesBank andToyota Financial Services (TFS) South Africa to the Competition Tribunal for collusion. An investigation by the commission has found that WesBank and TFS agreed to divide markets by allocatingcustomers or suppliers in the market for provision of vehicle finance, which is anti-competitive behaviour.The companies also agreed to stop WesBank from offering financing for some Toyota models for people whowanted to buy them from authorised Toyota dealerships. The actions above taken by the Competition Commission… a) …are an example of government failure aimed at ensuring market failure.b) …are an example of market failure aimed at ensuring an efficient allocation of resources.c) …are an example of government intervention aimed at an efficient allocation of resources.d) …are an example of government intervention aimed at…
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Suppose there are two firms, and they are able to coordinate with each other. What are the expected profits for each firm if they successfully collude and split the market output equally? The answer has to be a number louin which only to trim 1 and 2 stud producer for de her dece how rare pers to pan and bring to town The Tes cenere fr ( Price Test Revenue land Total Pro 73 ༡ བྷསྶཀྐཏྟཊྛགྒཊྛངྒཱཊྛཱརཱབྷིཛྫོ 120 0 110 100 2000 93 2700 33 5000 71 2000 53 3840 50 3500 31 2010 130 20 2000 110 90 1133 130 4 ሰ
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How would you expect antitrust authorities to react to the following? a. A proposed merger of Ford and General Motors. O They would block this horizontal merger because it violates Section 7 of the Clayton Act. O They would block this horizontal merger because it violates Section 1 of the Sherman Act. O They would allow this horizontal merger unless both firms had very large market shares and the resultant merger would substantially lessen competition. b. Evidence of secret meetings by contractors to rig bids for highway construction projects. O They would allow this. O They would charge these firms with price-fixing, which violates Section 7 of the Clayton Act. O They would charge these firms with price-fixing, which violates Section 1 of the Sherman Act. C. A proposed merger of a large shoe manufacturer and a chain of retail shoe stores. O They would block this merger because it violates Section 7 of the Clayton Act. O They would block this merger because it violates Section 1 of the…
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With millions of passengers selecting air travel to reach their intended destinations, CaribbeanInternational Airlines has cornered the market by providing competitive fares, consistent customerservice and excellent returns for investors. The Chief Executive Officer has stated that thecompany wants to ensure that Caribbean nationals in the diaspora have easy and affordable accessto an airline with exceptional customer service. This airline caters to middle to high income earnerswho like to travel for adventure or relaxation. Priding itself as an affordable carrier with bargainfares, its mission is “Making air travel hassle free, reliable, economical and comfortable, we striveto transport our passengers safely to their chosen destinations.” The company has employees frommainly the Caribbean and North America who understand the needs and demands of their clientele.The company intends to expand travel services from various Caribbean destinations and Miami toother locations like New York,…
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