Thank you so much. Great work. I received full credit for my portion of this group assignment. Please continue to keep up the great work and help me as much as possible.
In Chapter 10, we are briefly introduced to the legal area of antitrust, the relevant laws of which seek to prevent anticompetitive activities that reduce or eliminate economic competition. Some of these activities can result in criminal liability for corporations (e.g., fines) as well as corporate employees (e.g., jail time). Specifically, it is a crime for companies to engage in hard core cartel activity, and it is a crime for individual companies to monopolize any part of interstate commerce.
For more information, skim: (1) U.S. Dep’t of Justice, Antitrust Div., Price Fixing, Bid Rigging and Market Allocation Schemes: What They Are And What To Look For, available at https://www.justice.gov/atr/file/810261/download(Links to an external site.) (Sep. 28, 2005); and (2) U.S. Dep’t of Justice, Antitrust Div., Antitrust Laws and You, available at https://www.justice.gov/atr/antitrust-laws-and-you(Links to an external site.) (last updated Jan. 5, 2017) (“An unlawful monopoly exists when one firm controls the market for a product or service, and it has obtained that market power, not because its product or service is superior to others, but by suppressing competition with anticompetitive conduct.”).
But in Chapter 9, we learn that Article 1, Section 8, Clause 8 states that: “Congress shall have Power To . . . promote the Progress of Science and the useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective writings and discoveries.” This is commonly referred to as the Patent and Copyright Clause. In other words, the ownership of intellectual property inherently creates a limited monopoly in the protected property.
Given our materials, we have learned that some monopolies are good, while others are bad. Why is this? Specifically, what are the purpose of antitrust laws, and what is the rationale behind the Patent and Copyright Clause?
Please provide a well-worded response of at least 5 sentences.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more