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- What is the Federal Trade Commission (FTC)?What is price fixing, and how does it violate antitrust laws? Describe the potential legal consequences for individuals and companies found to have engaged in price fixing.How do antitrust laws address issues related to bid rigging and collusion in public procurement processes?
- In your own words list the essential components of the Competition Act of Canada.Are patents and proprietary technology safe with this supplier? Is the suppliertrustworthy? What legal system does the supplier expect to follow?Compare Consumer Product Safety Commission (CPSC), Food and Drug Administration (FDA), and Federal Trade Commission (FTC)?
- What is the role of the The Federal Trade Commission (FTC)?what is the functionalist view on zero hour contracts?A few years ago, a prominent pharmaceutical company was accused by the Justice Department of meeting with its competitors and entering into an explicit agreement with these competitors to fix the price of a commonly prescribed drug. (a) What is the difference between horizontal price fixing and vertical price fixing? Was this pharmaceutical company accused of horizontal price fixing or of vertical price fixing? Explain your reasoning. (b) Would the business practice that the pharmaceutical company was accused of be considered per se illegal or would the legality of this practice be judged by the rule-of-reason criterion? If the case had gone to trial, would “plus factors” have been considered to determine the trial’s outcome? Explain your reasoning. (c) Use the course material on the free-market economic system to explain why there are governmental laws against horizontal and vertical price fixing.
- Review the conflict of interest scenarios (parts 1 and 2). Identify the issue and indicate the regulation or best practice principle involved. How should the organization/provider respond to the issue? What should the organization/provider do to prevent future issues or mitigate any future harm/damage to the patient or the organization? The first scenario involves doctors who are financially motivated to prescribe certain medications or treatments, even if they may not be the best option for the patient. These doctors may receive kickbacks or incentives from pharmaceutical companies, leading to a conflict of interest that can compromise the quality of care. the second scenario involves doctors prioritizing their patients' well-being. These doctors strive to provide evidence-based recommendations and treatments that are in the best interest of their patients' health. They prioritize unbiased information and consider the individual needs and circumstances of each patientWhat is the difference in a nondisclosure and a non-compete agreement? What problems can arise in using nondisclosure and noncompete agreements to protect intellectual property?What are the regulations and laws that govern competition and antitrust practices, including preventing monopolies, price-fixing, and unfair trade practices?