The USDepartment of Justice Has Charged That Samsung,the World's Largest DRAM

question 11

Multiple Choice

The U.S.Department of Justice has charged that Samsung,the world's largest DRAM (dynamic RAM) maker,Hynix Semiconductor,Inc. ,Infineon Technologies AG,and Micron Technology,Inc.all conspired to set prices of computer memory between 1999 and 2002.This means the companies did which of the following?

• A)tried to sell computer memory at below costs
• B)charged customers different amounts for the same number of computer memory
• C)colluded on the price they would charge customers for the computer memory
• D)created an artificial demand for computer memory

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Definitions:

Ticket Scalping

The practice of buying tickets for an event and reselling them at a higher price to earn a profit, often considered illegal or unethical.

Equilibrium Levels

The state in which market supply and demand balance each other, and as a result, prices become stable.

Ticket Prices

The cost charged for admission to an event or access to a service.

Price Ceilings

Government-imposed limits on the maximum prices that can be charged for certain goods and services, intended to protect consumers.