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http://www.ftc.gov/news-events/press-releases/2014/10/att-pay-80-million-ftc-consumer-refunds-mobile-cramming-case(Links to an external site.) follow the link and answer the following questions Identify something in this case that is an example of a lack
http://www.ftc.gov/news-events/press-releases/2014/10/att-pay-80-million-ftc-consumer-refunds-mobile-cramming-case(Links to an external site.)
follow the link and answer the following questions
- Identify something in this case that is an example of a lack of competition. Use examples from the press release to support your assertion. Be sure to explain why this item represents a lack of competition.
- How does the elasticity of demand change AT&T's ability to behave in the way that they did?
- Is it ethical to charge a customer for something that they don't want?
The following questions are two part questions. For each situation indicate and justify:
- Why you believe the situation is ethical or not...
- And how might the AT&T situation be the same or different than the following three examples? Discuss each example separately:
- I purchase a car: the option package that has the Bluetooth I want also has a sunroof included so I have to buy and pay for both.
- My hot dogs are packaged 8 to a package, the buns, 6 to a package, so I have to buy two packages of buns.
- I'm a male buying health insurance, but the policy covers pregnancy care. I can't get a policy that doesn't cover it.
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