Raymond Syufy bought all of Las Vegas's firstrun movie theaters. The government sued Syufy for monopolization. While

Question:

Raymond Syufy bought all of Las Vegas's firstrun movie theaters. The government sued Syufy for monopolization. While admitting that he had a substantial share of the market, Syufy defended his mergers by pointing out the following facts: first, movie prices in Las Vegas were no higher than movie prices in comparable cities; second, no sooner did Syufy acquire all of Las Vegas's first-run theaters than other competitors successfully entered the market; and third, movie studios (for example, Paramount Pictures) are such powerful firms with an interest in avoiding theater monopolization that they can be relied upon to ensure that Syufy does not abuse his market dominance.
Evaluate Syufy's arguments. [United States v. Syufy, 903 F.2d 659, 9th Cir. (1990)]

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

The Legal Environment of Business

ISBN: 978-0538473996

11th Edition

Authors: Roger E Meiners, Al H. Ringleb, Frances L. Edwards

Question Posted: