Qualcomm Faces European Competition Probe over Claims of Predatory Pricing. The European Union Competition Chief said: " We are launching these investigations because we want to be sure that high-tech supplies can compete on the merits of their products" Qualcomm responded that the claims were "without merit". On similar grounds, Qualcomm was fined in China for a bit below one billion dollars. Please, read this article: Qualcomm Faces Scrutiny over Antytrust Allegations. Hint: To answer the following questions you may consider Parkin pages 234, 235, 325, and 355.

a. Qualcomm is a US company. Hence, why do the Europeans and China want to fine Qualcomm? Should US companies be under the umbrella of US authorities?

Companies should comply with their national rules.

Companies should comply with the rules of the markets where they operate.