Exam 11: Managing Global Competitive Dynamics

Cartels are often labeled as anticompetitive and outlawed by antitrust laws.

Collusion is more difficult between firms with high market commonality than firms with low market commonality.

Laws that make it illegal for an exporter to sell goods below cost abroad with the intent to raise prices after eliminating local rivals are called _____ laws.

Explain the possible outcomes of an antidumping investigation in the United States.

Firms with strong patents can challenge rivals for infringements,making mutual forbearance impossible. 

If globalization pressures for a firm are relatively low,and if the firm has skills and assets that are transferable overseas,which of the following is the best strategy for the firm to use? 

Fitnit and Fittin' are firms engaging in explicit collusion when they indirectly coordinate actions by signaling their intention to reduce output and maintain pricing above competitive levels.

Patenting adds value to a firm's resources when engaging with rivals.

Collusive price setting refers to price setting by monopolists or collusion parties at a level lower than the competitive level.

The American antitrust policy is pro-incumbent and pro-producer.

The defender strategy centers on local assets in areas in which MNEs are weak.

Firms with a high degree of resource similarity are likely to have similar competitive actions.

Which combination of resource similarity and market commonality results in the least intense competition? 

Which of the following sets of words describes the initial set of actions a firm uses to gain competitive advantage and the other firm's response to it? 

Under what conditions would a firm adopt a dodger strategy?

The price leader in a market possesses the capacity to punish.

Define predatory pricing.Why is it difficult to win a domestic predation case in the United States?

Identify and describe two of the arguments that exist against the practice of imposing antidumping restrictions on foreign firms.

Competitive dynamics are the actions and responses undertaken by competing firms.

"People of the same trade seldom meet together,even for merriment and diversion,but their conversation often ends in a conspiracy against the public." This quote from Adam Smith is referring to which of the following business relationship terms?