Company DVRC was involved in developing a resort for skiing near the Park city. It sold land parcels to the third party in the resort village. Each sales contract done by the company kept the right of approval to conduct certain businesses on the possessions including ski rentals. For about 15 years Company DVRC granted permission to company CS to rent skies in competitions with the ski rental outlet of DVRC. DVRC opened a new mid-mountain ski rental outlet and rescinded the permission to rent skis of the company CS. CS filed a suit in federal district court against DVRC. To find: The actions of DVRC was an attempt to create monopoly in ski rental services and leads to the violation of section-2 of the Sherman Act.

Question

Firms would do which of the following actions according the Circular Flow diagram? Group of answer choices Sell, but does not buy. Sell and Buy (or Rent). Buys, but does not sell. Does not sell nor buys.

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Chapter 27, Problem 3BCP

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Case summary: Company DVRC was involved in developing a resort for skiing near the Park city. It sold land parcels to the third party in the resort village. Each sales contract done by the company kept the right of approval to conduct certain businesses on the possessions including ski rentals. For about 15 years Company DVRC granted permission to company CS to rent skies in competitions with the ski rental outlet of DVRC. DVRC opened a new mid-mountain ski rental outlet and rescinded the permission to rent skis of the company CS. CS filed a suit in federal district court against DVRC.

To find: The actions of DVRC was an attempt to create monopoly in ski rental services and leads to the violation of section-2 of the Sherman Act.

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