Market Structures And The Behavior Of The Firm

expense FixingPrice Fixing and the FTCThe case was released in the mid-2006 , where the federal appointed shift guidance has declared that they are challenging the members of the Puerto anti-racketeering law connection of Endodontists , tum or the PRAE ADDIN EN .CITE Commissions national Trade Commissions FTC Charges Puerto anti-racketeering law Endodontists With Price Fixing2007August 42006http /www .ftc .gov /opa /2006 /07 /prendo .shtm (Commissions , 2006 . This is because of aver price-fixing collaborations that they would be charging on several(prenominal) indemnity policies and dental service that they offer . They absorb collaborated and make agreements with 30 other(a) competitors , wherein they fixed their prices at the expense of their consumers . Because of this the FTC was compel to a complaint against this co mpany since it decreases the competition between these companies , and so high(prenominal) costs leave be imposed on the consumers . This is a clear violation of the Federal Trade Commission valet activity , Section number 5 . In for this outlet to be resolved , The Puerto Rico connector of Endodontists , Corp . entrust call for to refrain from involving in matters that promote anti free-enterprise(a) carry on in the glide path yrsThrough this , the Federal Trade Commission will be able to make sure that these dental services and other necessity wellness take issues will be given and address for the consumers at prices that they could afford . retention a competitive environs in the aspect of health care will bluff up better opportunities for the deal , along with lower competitive prices . Letting healthcare be monopolized will lead to higher pricing and less nutrition , and would au indeedtically be a burden to the people , the consumers .

That s wherefore these health care providers and producers should non act as one they should non collaborate with individually other in their pricing , because it takes forth the aspect of scrap between themThe complaints against Puerto Rico Association of Endodontists Corporation shows that in the year 2003 , the company has already began its bargaining with their competitors , frankincense resulting to the drastic summation in five dental plans already . Another growth occurred during 2004 , wherein the prices also went up because of their bargaining Because of these actions the ones who were jeopardized were the people they were the ones who carried the burden of ch ange magnitude rates , since these health care issues is a necessity for everyone . The Federal Trade Commission study that these drastic changes in prices prevail no whatsoever force play on the quality of services offered by the company therefrom the additional prices were not really justifiable . It doesn t lead to a better quality of health care , thus , it is provided a waste in the part of the consumersGiven the situation , the Federal Trade Commission proposed a consent which will be solve the problem at hand . This will hopefully relieve the impact of the alleged anticompetitive actions by the Puerto Rico Association of Endodontists , Corporation and further preserve it from happening again . It would then hinder the company to have any settlements or agreements with other endodontists and negotiate with...If you want to consider a full essay, swan it on our website: OrderCustomPaper.com

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