University Of Phoenix
Applied Economics in Business
November 16, 2011
Let's talk money interview transcript
This paper is going to conduct a fictitious game show that will be interviewing a government official and the business savvy CEO of Wal-Mart. The dialogue will focus roughly the affiliation between government, the economy, and the chosen business Wal-Mart. In this creative dialogue will develop standpoint of characters involvement. There will be questions that will need answers to help this fictitious game more interesting.
Host: Nikki Jackson, Fox 5
Today we have as guests, Shirley Woodstock, Chairman of the Security and Exchange Commission and the CEO of Wal-Mart, Michael Duke. Mr. Duke, in what type of situation might Wal-Mart run a high risk of violating antitrust laws?
State and federal antitrust laws were implemented to protect the community from organizations producing a monopoly and to persuade rivalry by prohibiting unjust or prejudiced businesses practice that can damage rivalry.
The class action lawsuit claiming that Wal-Mart and Blockbuster unlawfully negotiated the department of Wal-Mart from online market, there were simply two main rivalry subsist was reported.
The lawsuit is based on prohibits agreement and, conspiracies in restraint of trade prohibited by Section 1 of the Sherman Act (Yurko and King, 2011).
The existence of Wal-Mart conducting in the DVD market claimed decline values wherein Blockbuster was influenced with a decrease in its revenue.
The two most establish companies claimed infringe antitrust laws when Wal-Mart egress the DVD rental organization and replaced its consumer pedestal to Blockbuster. Blockbuster then advocated DVDs sold at Wal-Mart.
The lawsuit claimed that the antitrust class action occur out of conspiracy amid parties Blockbuster, Wal-Mart stores and Wal-Mart.com to partition the markets for the trade and online rental s of DVDs in the United States that would elude rivalry, monopolize, and claimed control trade online DVD rental market.
Ms. Jackson, how might the government react to assure fair competition within the companies given market?
In 2002, Wal-Mart chooses to go into online DVD rental business. This conglomerate was not a success for Wal-Mart so they decided to market their memberships to Blockbuster. Wal-Mart determines their effort concerning this business adventure was a waste of time to persist to throw money into this venture.
Wal-Mart chose to have Blockbuster to run this part of the business. Within a four year stretch a lawsuit was filed affirming that Wal-Mart and Blockbuster were effort to produce a monopoly of online DVD market.
Wal-Mart and Blockbuster convene and determine, Blockbuster will…