The Anti Competition Conduct Of Companies - 1267 Words

Competition is critical, and central to market operations. It fosters innovation and spurs both productivity and growth. All of these together contribute to the creation of wealth and reduction of poverty. However, markets are complicated, and may not always work perfectly. While government action or inaction, in the form of inappropriate public policies and inaction on reform agendas is often associated with poor competition in the markets, anti-competitive conduction by firms is also an obvious cause for it. While efficient and fair markets are critical for the development of private sector and creation of economic growth, effective competition does not occur automatically. The anti-competition conduct of firms, which is directed towards monopolizing the market hurt productivity and growth. Producing images, and not things through endless brand promotions while making production processes leaner with fewer people and processes, creates incompetent markets and increases inequitable distribution of economic benefits of growth. This essay looks at the seminal works of Naomi Klein in her No Logo (2015) and John Dicker s United State of Wal-Mart (2005) to explore the ways in which brands become global despots , not only breeding a culture of discontent, but also infiltrating the markets - making them less efficient. Klein, in her insightful piece, suggests that in the modern times, the larger companies no longer produce products, but just source them, re-brand them andShow MoreRelatedThe Australian Competition And Consumer Act974 Words   |  4 PagesThe Australian Competition and Consumer Commission (ACCC) is an administer of the competition and Consumer Act (CCA) which is to prevent collusion among the firms and to prevent the individual firm which break the market equilibrium with their market power. Well competitive market would deliver efficiency costs, faster innovation, prevention of unduly concentrated markets, business freedom, wealth distribution, and enhancement of international competitiveness. Therefore, the ACCC is playing a crucialRead MoreNature Of The Case And The Central Legal Issue1536 Words   |  7 PagesNature of the case and the Central Legal Issue In September 2008, the Australian Competition Consumer Commission (ACCC) instituted proceedings against Cement Pty Ltd, Pozzolanic Enterprises Pty Ltd and two other companies (Respondents via subsidiaries including Pozzolanic) in the Federal Court of Australia in Brisbane. The ACCC alleged that four exclusive contracts related to the Respondents entering into contracts to acquire ‘flyash’ from four power stations in South East Queensland, between 2001Read MoreCase Study Economics- Microsoft and Monopoly808 Words   |  4 Pagesalternative platform to which applications can be written. This posed a threat to Windows monopoly and perhaps its long-term existence. Initially Microsoft had tried to subdue competition by asking for explicit market sharing agreements with competitors (such as Netscape). 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Over the years Coca-Cola has remained ahead of Pepsi, its main competitor. In 2006 however, Pepsi moved ahead of Coca-Cola by focusing on snack food and innovative strategies in the non-cola beverage market (Ferrell, et al, 2013, p. 309). The reputation of Coca-Cola has not only beenRead MoreThe Unethical Business in the Telecommunication Industry1201 Words   |  5 Pagesbehaviours. The essay will also Analysis of each company and provides recommendations for investors. Introduction This report will look at: †¢ The unethical behaviour about WorldCom accounting scandal †¢ The Monopolistic competition about china telecom †¢ The overcharging behaviour of ATT †¢ Recommendations for telecommunication industry †¢ Conclusion Findings WorldCom WorldCom, The America’s second-biggest long distance phone company. From 1999 to 2002, an internal audit had reported