5 Sentences Rendered More Concise

5 Sentences Rendered More Concise 5 Sentences Rendered More Concise 5 Sentences Rendered More Concise By Mark Nichol 1. It is essential for management to have the ability to assess how good the organization is at embracing risk. This is a case of a smothered verb- a verb converted into noun form, which complicates the sentence because a new verb must be conjured to accompany the newly formed noun. In this case, the simple verb phrase â€Å"be able† is sufficient: â€Å"It is essential for management to be able to assess how good the organization is at embracing risk.† The sentence can be further condensed to â€Å"It is essential that management be able to assess how well the organization embraces risk.† and even â€Å"Management needs to be (or, better yet, â€Å"must be†) able to assess how good the organization is at embracing risk.† 2. The process should consider factors arising from a change in business context and factors currently existing but not yet known. Currently is almost invariably superfluous. In this context, as in most cases, existing is sufficient to set the sentence in the present: â€Å"The process should consider factors arising from a change in business context and factors existing but not yet known.† (Any verb in the present tense, in fact, will generally suffice.) 3. The authorities will be conducting an investigation into the incident. Often, a sentence such as this one can use the simpler of the two forms of simple future tense: â€Å"The authorities will conduct an investigation into the incident.† Better yet, however, note the smothered verb and simplify to â€Å"The authorities will investigate the incident.† 4. The success of this comprehensive work hinges on attention to details and also the outcomes of work and decisions performed in the previous strategizing phase. When also directly (or distantly) follows and, the adverb is redundant to the conjunction: â€Å"The success of this comprehensive work hinges on attention to details and the outcomes of work and decisions performed in the previous strategizing phase.† 5. The organization must decide at the planning stage whether or not these data points help provide a greater view of its risk profile. When the phrase â€Å"whether or not† appears, the second and third words are likely extraneous: â€Å"The organization must decide at the planning stage whether these data points help provide a greater view of its risk profile.† The exception is when the phrase modifies a verb, as in â€Å"Whether or not we win, we’re still going to the playoffs,† where it modifies win. In other words, when â€Å"whether or not† means â€Å"regardless of whether,† retain the full phrase. Check out our latest YouTube video: Yours sincerely vs. Yours faithfully Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:Writing Prompts 10120 Pairs of One-Word and Two-Word FormsComment, Suggestion, and Feedback

Memorandum Essay Example

Memorandum Essay Example Memorandum Essay Memorandum Essay This is to request your approval to distribute the Depression Handout prepared for the institution’s entire population. The handouts are support materials to the powerpoint presentation to be used during our regular learning session at the end of the month where we scheduled the topic on depression. They are worded and formatted for easy understanding of the inmates and induce support and cooperation. Depression may be experienced by a number of inmates especially that a growing number of them are resorting to alcoholism and drugs. It is important that knowledge of this condition be known to everybody so that whoever may be in having depression will be understood and provided treatment. It is the objective of this project to identify who among the inmates are experiencing depression and may be encouraged to subject themselves to treatment. With this humble project, Michael and many others may be saved from further sufferings and at least make their stay in this institution worthwhile living. For your approval, please. Handling Depression â€Å"I am now the most miserable man living. If what I feel were equally distributed to the whole human family, there would be not one cheerful face on earth. Whether I shall ever be better, I cannot tell. I awfully forebode I shall not. To remain as I am is impossible. I must die or be better it appears to me.† Abhraham Lincoln (who suffered from depression in his adult life) We are one community in this institution. We have among us, those that suffer from depression. It may be them, it may be you. What is important is that you know the circumstances, what it is and how to go about it. 1. What is depression? When you feel an extremely deep sadness and lose the interest in any thing you do, a feeling of worthlessness and hopelessness, and when you cannot eat and sleep well and have problems in concentrating and physical complaints, chances are, you have depression. 2. If you are depressed, then you are not alone. One out of five people will have depression at some time in their life. One in 2o Americans suffer from depression severe enough to require medical treatment. (Bloomfield 1996) 3. You do not have to suffer, depression can be treated. Statistics say that more than 80% of people with depression can be successfully treated. Treatments are usually short term and through medication or counseling therapy. (Bloomfield 1996) Treatment of the illness is usually inexpensive but there is no price for better health, efficiency, improved relationship and enjoyable life. 4. Alcohol and drugs will not help. Resorting to alcohol and drug abuse will not help the situation. It will only worsen and there will be no relief. Many inmates tried to get drunk just to get over the emotional low, but they never felt relieved of it, worse, some tried even suicide which is very dangerous. 5. If you know that you need help then do not hesitate. Let the doctor know. Going through depression on your own does not make you brave. Asking for help is brave. There is no price for better health, efficiency, improved relationship and enjoyable life. References 1. Bloomfield, Harold H. and Peter McWilliams (1996) â€Å"How to Deal with Depression† About.com. Retrieved 12 October 2007 from http://alcoholism.about.com/gi/dynamic/offsite.htm?zi=1/XJ/Yasdn=alcoholismcdn=healthtm=49gps=61_12_788_419f=20su=p247.3.140.ip_p284.8.150.ip_tt=14bt=0bts=0zu=http%3A//www.hypericum.com/dep/dep1a.htm 2. â€Å"Depression† (2007) Psychiatry24x7.com Jannsen Pharmaceutica NV. Retrieved 12 October 2007 from psychiatry24x7.com/homes/depression.jhtml

Sir William Blackstone Essay Example | Topics and Well Written Essays - 1000 words

Sir William Blackstone - Essay Example Another strength of William Blackstone is depicted in the style he wrote the Commentaries. The Commentaries exhibit great simplicity, elegance, and clarity, especially in the language that was used to write it. The literary qualities employed are considered high, as well as the aspect of flattery on the side of public prejudices. For this reason, William Blackstone’s work had a great influence in England. This was accepted by the public and authorities in England as a revelation of the law that was highly authoritative. This served the same purpose to the educated class of England, as that of the publications of the previously unknown Roman laws to the Romans. Today, most of the English people still consider the criticism of William Blackstone of the English constitution, as a major political conviction.To a larger extent, Sir William Blackstone had considerable weaknesses, which became a basis for his critics. First, Blackstone is considered to have had only a vague grasp of the basic conceptions of law. This is evident in his regard for the English law during his time. His perception of municipal laws was also highly questionable. He is also considered not to have a proper conception of the technical terms of the Roman law, owing to his distinction between the rights that pertain to people and those that pertain to things. Although William Blackstone did not perform only the work that pertains to a legal commentator, he failed to address some important aspects in the social realm.

The Economics of Natural Resource Availability Essay

The Economics of Natural Resource Availability - Essay Example Every market strategy should cover the price and output strategy, the reaction of price and output strategy of other competitors in the market. There are large numbers of applications of business in this technological and advanced scenario. There are web and net facilities to all one should have an access to the internet facilities for business helps in advertising the introduction of the products and new designs The computer programming one of the most important things to consider the work based on software’s introducing different software. Small industries at small scales mean the garment factory leather and so on, small educational institutions such as small schools, investments in the small business of departmental stores, whole sellers and retailers. Keynes describes the study of unemployment with the business cycle he gives the study of aggregate demand. In Keynes view, using applying the fiscal policy can reduce the fluctuations in business cycle and monetary policy fiscal policy is the government policy and monetary policy concerned with the policy by a central bank and the government departments too. The Keynesian economics is based on the 20th-century ideas. In the Keynesian view, there are many macroeconomic variables, which have an impact on the individual’s microeconomics functions. In Keynesian economics, the discussion of aggregate demand with the individuals demands the goods. In his view there are many changes bring by the government by implementing the fiscal and monetary policy to take control over the economy and prevent it from downfall. The supply side economics is concerned with the implementation of monetary and fiscal policy it focuses on the monetary policy the study of money demand and its supply monetary policy is only concerned with the changes in the money supply not with the interest rate, the changes in interest rates are managed by the fiscal policy.  Ã‚  

Program and Policy Analysis Essay Example for Free

Program and Policy Analysis Essay A gang is a group formed by a number of people, who share a same identity either through formation, or organization. According to Charles (2003), the word gang is often associated with a negative connotation. Gang activities are wide and vary from typical organized groups that involve themselves in crimes, to a general class of certain behavior that carry out a collective action intended to attain social solidarity or cohesion, especially in cults, gangs, political parties or unions. Studies have shown that, various approaches have been applied by the government, the society, law enforcers, and even the experts in an attempt to fight with the social problems caused by various gang groups. The effort is also intended to prevent formation of gangs, to rehabilitate the gangs and punish those who engage themselves in criminal activities within the gang groups. It has been stated that, gang groups differ due to different experiences in culture which include drugs, territory and nightlife. Various Approaches to Gangs The gang culture approach. According to Shaw, McKay (2004), this approach looks at the cultural experiences of the young people as the key factor which leads to the formation of gang groups. Young people and especially the blacks have felt discriminated by the media and other social groups; hence they have a tendency to form gangs by feeling hated and stereotyped. Other factors such as the way in which policies of the local governments are set up, deprivation and racism have contributed to the rise of gangs. The supporters of this approach try to prevent such factors that contribute to formation of gangs, so as to reduce the number of young people joining various gang groups. The aggressive approach is applied by the harsh and conservative governments, who believe that force must be used in order to deal with criminals in the society. Miller (2000) posited that, such governments believe in the application of harsh laws which include the use of guns to fight criminals in the society. These governments employ a Zero-tolerance principle on criminal actions. The main aim and objective of this group is to bring criminal acts in the society to the end by doing away with any gangs that may be causing such evil in the society. The belief of the aggressive governments is that, harsh measures will instill fear to the youth and discourage them from joining gangs. The liberal approach on the other hand opposes the application and the passing of harsh laws in dealing with gangs. The liberal approach is of the view that, softer laws should be applied with the aim of rehabilitating the gang members and making them better people to live in the society. This approach advocates for the formation of rehabilitation institutions, where various criminals are kept for purposes of rehabilitation other than just applying the punishment measures. The sociological approach of deviance starts by describing and explaining gangs. This approach believes that, it is important to first understand the causes which lead to the formation of a certain gang, before measures can be put in place either for intervention or prevention of such a group. This approach therefore involves researchers to carry out an interactive interview with various groups from different cultures to find out the factors that contribute to the rise of gangs. It is after the findings that strategies and policies are put in place to deal with the problem. Conditions Under which a specific Policy may be Effective and the Requirements The liberal approach can work effectively where the government offers good support to the policy makers and the prison departments in dealing with gang members in the society. For this approach to work, there is need to put in place policies which would allow a good interaction between various gang members and the law enforcers such that, people like the police can first understand the problems which lead to the formation of such gangs so that they can know how to handle the criminals (Shaw, McKay, 2004). A proper rehabilitation center should be established where the reformed criminals can be used to assist those who are engaging in crimes to change by advising them and acting as a symbol, showing that reformation is possible. There is need for the government intervention by provision of funds and trained personnel to handle criminals. There is also need to put in place preliminary data, program performance and developed working strategies to ensure that the policy works out effectively. Assessment of a Local Policy Program One of the best programs applied locally in the U. S is the comprehensive community-wide approach to the intervention of gangs, gang prevention as well as gang suppression. Where all the required equipments and policies are availed, the conditions are suitable to deal with the problem of gangs in the society. Cohen (2005) observed that, this program has been put in place and is designed to test and implement a comprehensive and accurate model for limiting the number of young people who involve them in violence. The U. S government has contributed funds and established institutions which are used to enable this approach work among the youths in the society. The sites set for this work include the OJJDPs which is equipped with strong prospects to ensure the approach is successful, preliminary data, program performance and developed working strategies have been put in place. Other sites include the San Antonio Site, the Tuscon, Bloomington and the Mesa. The program involves the whole community in various programs where gang assessment is done, strategies are made, and consensus building is done and is a team oriented method which is used to solve social problems. Shaw, McKay (2004) stated that, the program mobilizes the community including the community groups, individual groups, citizens and various agencies, who are provided with social opportunities, economic and academic support. The intervention approach is applied here where the institutions use social intervention street workers, to interact and engage the youth gangs who often stay on the streets in various helpful activities. Gang suppression is done where informal and formal control measures of criminal justice system and juvenile procedures are carried out appropriately. In comparing this local approach with the earlier approaches analyzed out in this study, the comprehensive community-wide program has been effective, as it captures the elements discussed by other approaches, by ensuring that gang members are first of all well understood by considering the factors that contribute to the formation of such gangs and then moving ahead to tackle the problem (Cohen, 2005). The program has been effective in involving the community in various programs where gang assessment is done, strategies are made, consensus building is done, and a team oriented method is used to solve social problems. This is a successful way of ensuring that gang members and those who may intend to join various gang groups feel as part of the society and avoid engaging in any criminal acts.

Plea Bargains: Currency of The Courts Essay -- Law

â€Å"Rahim Jaffer case heads for plea-bargain†; former Alberta MP Rahim Jaffer was being charged on cocaine possession and drunk-driving charges; his case was likely to be resolved with a plea-bargain agreement (Makin, 2010). This is but one case of many that are settled though a plea-bargain agreement. Plea-bargaining can take the form of a sentence reduction, a withdrawal or stay of other charges, or, a promise not proceed on other charges, in exchange for a guilty plea by an accused. During discussion of a potential plea bargain agreement, the Crown Attorney and defence lawyer will look at 4 distinct sections of a plea negotiation: charge discussions, sentence discussions, procedural discussions, and agreements as to the facts of the offence and the narrowing of issues in order to expedite the trial ("Plea bargaining," 2011). According to the Department of Justice, approximately 90% of criminal cases are resolved each year by use of plea-bargaining (â€Å"Findlaw,† 2012). Despite what appears on its face to be rampant use of the plea agreement, plea negotiations are incredibly helpful to our court system. First, plea agreements serve to diminish the overload of cases and avoid lengthy trials, thus avoiding appeals of trial decisions and allowing greater access to the justice system. In turn, a less burdened court system can focus its efforts on the most serious of criminal offences thereby ensuring that such cases are handled in the manner with the greatest likelihood of securing a conviction. Overall, this judicial efficiency results in a cost savings and better allocation of resources. This paper will explore these two main benefits and also discuss potential criticisms of the plea bargain system. Plea-Bargaining has become... ..., 2012, from http://www.justice.gc.ca/eng/pi/icg-gci/pb4-rpc4.html Plea bargaining. (2011, February 28). Retrieved from http://www.victimsofviolence.on.ca/rev2/index.php?option=com_content&task=view&id=378&Itemid=197 Plea bargaining in canada. (2011). Retrieved from http://www.justice.gc.ca/eng/pi/rs/rep-rap/2002/rr02_5/p3.html Romaniuk, T. (n.d.). Centre for Constitutional Studies - R. v. Askov.Faculty of Law Home - University of Alberta. Retrieved April 19, 2012, from http://www.law.ualberta.ca/centres/ccs/rulings/Ask Tappscott. (2012). street directory. Retrieved from http://www.streetdirectory.com/travel_guide/14026/legal_matters/plea_bargaining_pros_and_cons.html Young, R. (2011, November 16). Cutbacks have some courts dismissing criminal cases. Here & Noe. Retrieved April 19, 2012, from http://www.hereandnow.wbur.org/2011/11/16/budget-cuts-court

Managerial Economics and Business Strategy

Dr. David J. St. Clair Managerial Economics and Business Strategy 3551 #6 Answers – Summer 2012 1. What type of evidence did Dupont introduce in its plastic wrap trial that proved decisive in its acquittal? __ It brought in cross elasticities to show that there were many substitutes for plastic wrap. It then argued that the market had to be defined to include all substitutes. This broadened the definition of the market to the point where DuPont’s market share was small. ___ 2. What had Alcoa done that made the judge find it guilty of being a monopoly? It had a market share above 90%_. Did the judge rule that Alcoa was a â€Å"dirty† firm? _ No ___ 3. Why did the verdict in the U. S. Steel antitrust case confuse everyone? __ U. S. Steel was ruled to be â€Å"reasonable† under the courts â€Å"Rule of Reason† doctrine. This was confusing because the company had a notorious reputation for price fixing and uncompetitive practices __ 4. Bill Gates took a very aggressive approach to dealing with the Justice Department in the Microsoft case even though Microsoft had an â€Å"Alcoa Problem. † What was Microsoft’s â€Å"Alcoa Problem? ___ Microsoft had a large market share approaching the 90% threshold established in the Alcoa case ___ 5. When something is illegal â€Å"per se,† what does this mean? __ The government only has to prove that you did it; motive or intent does not matter ___ 6. What was the remedy in the Standard oil and American Tobacco cases? __ divestiture (i. e. , the companies were broken up) ____ 7. What, according to Andrew Carnegie, was destructive competition? ___ excessive and ruthless competition among big firms that eliminated profits but not competitors __ 8. When we were discussing oligopoly, we referred to the two faces of oligopoly.Which face of oligopoly was Carnegie referring to in his discussion of ‘destructive competition? ’ the non-cooperative, extremely competitive r ivalry _ 9. What does the Hart-Scott-Rodino Act require? ___ pre-merger notification and approval by the Justice Department and the FTC ____ 10. What is a tying contract (or agreement)? __ a firm refuses to seel product that you want unless you also buy one of the firm’s other products ___ 11. The Sherman Act was short and sweet. It outlawed two things. Identify both: a. ___being a monopoly ______________________ b. ___trying to become a monopoly __________________________ 2. Which antitrust act made vertical market foreclosure a violation of antitrust laws? __ the Celler-Kefauver Act __ 13. What was the reason why the European Union blocked the merger of GE and Honeywell? __ It violated the EU’s â€Å"portfolio power† doctrine __ 14. What is a â€Å"soft loan? † ___a government loan that is never going to be paid back; a disguised subsidy __. Why have many American economists likened â€Å"portfolio power† to a soft loan? ___They argue that portfo lio power is a disguised protectionist policy masquerading as an antitrust policy___ 15. What was IBM’s defense in its mainframe computer antitrust case? _ It challenged the government’s narrow â€Å"large main-frame computer† definition of the relevant market ___ 16. What was DuPont convicted of in the GM case (be specific). ______ vertical market foreclosure ____ 17. What precedent did the Pabst Brewing case set? __if the market is a local, then the relevant market must be local ____ 18. What precedent did the Staples/Office Depot case set? ___the Justice Department or the FTC can disallow a merger based on the anticipated price and competitive consequences ________________ 19. What happened to U. S. antitrust policy following the E. C. Knight case? __ as a consequence of the E.C. Knight case, antitrust laws did not apply to manufacturing and there was a wave of mergers in the manufacturing sector __ 20. In the 1890s, German courts were taking a very different approach to cartels and antitrust. What did the German court rule in the pulp cartel case? __ cartel agreements were legally enforceable contracts; cartels were legal and socially beneficial ___ 21. What was Brown Shoe accused of in the Kinney Shoe antitrust case? ____ vertical market foreclosure _____ 22. What was the remedy in the Brown Shoe/Kinney Shoe Case? ____ The merger was disallowed and the two firms were separated _______ 3. What does the firm have to do in a consent decree? _ stop the offending practices without admitting guilty _. What does the Justice Department agree to do in return? ___ drops the case _ 24. Why do most firms prefer a consent decree to a trial, even when they feel that they are innocent? __ the case is quickly resolved and there is no conviction that can be used to expose the firm to civil suits seeking triple damages __ 25. Are interlocking directorates illegal per se? Yes. Is price fixing illegal per se? Yes 26. Are tying contracts illegal per se? Y es Is price discrimination illegal per se? _ No 7. How can the Justice Department and the FCC respond to a notification of merger filed under the Hart-Scott-Rodino Act? (Hint: they have three options. ) __1) approve; 2) deny; or 3) approve with conditions __ 28. English Common law became the basis for American Common Law. What dos the Common Law say about damages for parties injured by restraint of trade? ___ injured parties are can collect triple damages ____ 29. Which type of elasticity is often important in antitrust cases? _ cross elasticity __ 30. Why did the Justice Department allege that Microsoft was using a tying agreement or contract? ___The Justice Department alleged that Microsoft was tying the MS-DOS operating system to the purchase of its browser ___ 31. Bill Gates was rather arrogant and combative in dealing with the Justice Department in the Microsoft case. He seemed unaware of Microsoft’s â€Å"Alcoa problem. † What was Microsoft’s â€Å"Alcoa problem? † _________This is a duplicate question – see above____________ 32. How did IBM’s mainframe computer antitrust suit end? ___ the Justice Department dropped the case because the court was unlikely to accept its narrow definition of the relevant market ____ 33.Why was Microsoft accused of â€Å"vertical market foreclosure? † ___ Microsoft was accused of using its operation system monopoly (MS-DOS) to foreclose browser maker from the market ___ 34. Why was Nabisco giving up on its strategy of seeking to create a cracker of biscuit monopoly? __It was unable to eliminate competition, especially the competition of capitals __ 35. Why was Nabisco so open in its 1901 annual report about discussing its efforts to monopolize the cracker (biscuit) industry? __Because of the E. C. Knight Case, there were no antitrust laws in 1901 that pertained to manufacturing firms _ 6. In its 1901 annual report, Nabisco announced that it was giving up on its efforts at cre ating a cracker or biscuit monopoly. What was the company’s new strategy going to be? ____Nabisco was going to concentrate on making better products and creating a more efficient and competitive firm ___ 37. What did Liggett accuse Brown & Williamson Tobacco of doing in its law suit? (don’t simply say â€Å"of being a monopoly† or â€Å"violating antitrust laws†) ___Liggett accused Brown & Williamson of engaging in predatory pricing by selling it cigatettes at below Brown & Williams’ AVC______ 8. Under the Areeda-Turner test, predatory pricing is defined as a firm selling its product at a price ____below its average variable cost_____ 39. Was the Areeda-Turner test upheld (validated or confirmed) by the court in the Liggett vs. Brown & Williamson’s case? ___No, the Areeda-Turner test was replaced by the â€Å"recoupment test† ___ 40. What must a plaintiff (the one who files the law suit) do (show) in order to keep a predatory pricing law suit from being dismissed (thrown out even before it goes to trial) under the â€Å"recoupment test? ____The plaintiff must show that the defendant did have a reasonable chance of raising prices in the future to make up for, (that is, to recoup) its short term losses due to the low prices ___ 41. Does the recoupment test introduced in the Liggett vs. Brown & Williamson case make predatory pricing law suits more likely, less likely, or equally likely compared to the old Areeda-Turner test? ____less likely _____ 42. The courts have held that predatory pricing cases require a showing that a firm has reduced price below its costs. What is the relevant cost for this criterion? ________average Variable cost (AVC) _________ 3. Many economists have used the concept of â€Å"barriers to entry† in their criticism of predatory pricing antitrust laws. Explain their criticism. __Predatory pricing only makes sense if the firm can raise prices after using it to attain a monopoly and if it has barriers to entry that can keep new competitors out. However, if it had such barriers in the first place, it would probably not need predatory pricing. Predatory pricing does not give the firm the required barriers to entry, unless one envisions constant predatory pricing. But constant predatory pricing is nothing more than price competition. ___ 44.During the 1930s, large American cigarette companies faced competition from small cigarette companies offering new brands at 10 cents per pack. How did they meet and deal with this competition? __They resorted to predatory pricing, i. e. , they dramatically reduced their prices (in some case to below costs) in order to drive the new competitors out of the market ___ 45. Did the response of the â€Å"Big Four† tobacco companies to the challenge from the new 10-cent brands competitors in the early 1930s work? Why or why not? _the Four Majors were unable to drive out two competitors created by the 10-cent brand episode.They h ad a 91 percent market share before the episode and only a 69 percent market share after. Two formidable competitors emerged and the Big Four became the Big Six__ 46. What was the verdict in the 10-cent brands cigarette case? _____the major cigarette companies were found guilty of violating the antitrust laws______ 47. Was predatory pricing the government’s primary allegation against the majors in the 10-cent brands cigarette price wars? If not, what was the primary complaint? _the court focused primarily on the collusion among the majors to fix prices__ 48.What was the court’s remedy in the 10-cent brands cigarette case? ___the court fined the guilty parties and restricted their ability to communicate and work together ____ 49. Why do most economists argue that antitrust laws prohibiting predatory pricing are actually anti-competitive? ____ Most economists argue that antitrust laws prohibiting predatory pricing are actually anti-competitive because any firm that lower s it's prices to compete against it's market competitors are susceptible to being charged with predatory pricing, even when no such intent probably exists.Furthermore, filing an antitrust lawsuit related to predatory pricing is often abused and a convenient way for businesses to compete with their competitors without matching their competitors price cutting especially since antitrust laws concerning predatory pricing are sometimes difficult to distinguish from predatory pricing, market competition, and competitive business practices. __ 50. Suppose there are five (5) firms in an industry with the following market shares: 15%, 20%, 2%. 45%, and 18%. What is the Herfindahl Index for this industry? _______2,978_______. According to the 1992 Horizontal Merger Guidelines, how would this industry be classified? ___It would be classified as a ‘highly concentrated’ market. _____ 51. Ceteris paribus, would a merger that raised the Herfindahl index from 1900 to 1941 be likely to trigger interest by antitrust regulators? Why or why not? ____No, because while this market would be classified as ‘highly concentrated,’ the merger does not raise the HHI by more than 50 points and will therefore not trigger the interest of regulators. ___ 52. Ceteris paribus, would a merger that raised the Herfindahl index from 750 to 985 be likely to trigger interest by antitrust regulators? Why or why not? ___No, because a market with a Herfindahl Index below 1,000 is considered to be ‘unconcentrated’ and mergers in unconcentrated markets are unlikely to be challenged by regulators. _____ 53. Tying contracts are illegal per se under American antitrust laws. However, enforcing their illegal per se status has proven to be very difficult.What is the problem here? ___While tying contracts are illegal per se under antitrust law, there seems to be no way of getting around some tying during the course of routine business, e. g. , left shoes tied to right shoes , etc. This therefore introduces the element of intent and competitive consequences; two features that are not supposed to figure into illegal per se allegations. Currently, this problem is most pronounced in the practice of ‘bundling’ in high tech markets. ____ 54.In the YouTube video on Monopoly, what did Milton Friedman think was the primary cause of longer-lasting monopolies? ____government market restrictions ___________ 55. In the YouTube video on Monopoly, what did Milton Friedman think was the very best policy for dealing with monopolies and market power? ____free trade or measures to make trade more free and open _______ 56. In the YouTube video on Monopoly, Milton Friedman never mentioned or discussed Smith’s Formula. However, based on his comments, what do think his position would have been on our 200-year old question? __Friedman would definitely argue that markets had, if government leaves them alone, sufficient competition to make Smith’s For mula society’s primary line of defense against monopoly abuse. __ 57. What happened when Coca-Cola tried to introduce its new soft drink Peppo in the late 1960s? ____Dr Pepper sued for trademark infringement and Coka Cola had to change the name of the product to ‘Mr Pibb’. _____ 58. How did the FTC end up defining the relevant market in Coca Cola’s proposed acquisition of Dr Pepper? _The FTC took a very narrow view and defined the relevant market as the ‘pepper-flavored soft drink market’ __. How did the FTC rule on the proposed acquisition? __The FTC denied the request for merger approval. __ 59. Both the FTC and Coca Cola introduced Herfindahl Indexes in support of their positions in the proposed acquisition of Dr Pepper. What was the critical point on which the proposed merger was decided? ____The definition or scope of the relevant market ____