When is  Sharing of Information Illegal Under the Sherman Act? A horizontal restraint on trade is commonly understood to be illegal. Under the Sherman Act 1, sharing of information among competitors with the purpose of restraining trade (i.e., a naked restraint of trade) is per se illegal. So, the question of whether information sharing is illegal t...

What is a Supply Schedule?  A supply schedule is a list or table that demonstrates the quantity of a good or service supplied in a market at a given price.  Related Topics Budget Constraint Radner Equilibrium Opportunity Cost Opportunity Set Marginal Analysis Utility Self Interest Cost-Benefit Analysis Enlightened Self-Interest Fisher's Separation T...

What are Ideation Best Practices? While many approaches to ideation exist, there are several commonalities that exist for effectively developing or creating new ideas. Below is a list of some of these best practices. Use Unique Thought Patterns - Albert Einstein said, "Common sense is a collection of prejudices established before the age of 18 years...

What is the Nash Equilibrium? The Nash equilibrium is a popular gaming theory that was developed by John Forbes Nash, a mathematician. This theory presents the optimal solution in a game where both players are non-cooperative due to lack of incentive to change their plans or strategy. According to the Nash equilibrium, despite that each player is pe...

 What is Business Activity Monitoring?  Business activity monitoring (BAM) is a system that allows for “the provision of real-time access to critical performance indicators” concerning several major business processes inside the organization that concerns customers or business partners. (Gartner, 2001).  How is Business Activity Monitoring Carried O...

What are the Goals of an Organization? Goals are the desired outcomes of the business's activities.  What are the Objectives of an Organization? Objectives tend to be precise, measured actions, with time for completion.  How Do Organizational Goals Relate to Objectives? Generally, obtaining a goal will require completion or accomplishment of various...

What is Elasticity?  Elasticity measures the extent to which the demand for a good changes with the change in another metric. The most common metric is price; but, there can be other things - such as changes in demand or price for other goods. What is Infinite Elasticity or Perfect Elasticity? Infinite elasticity or perfect elasticity is when quanti...

What is Income Elasticity of Demand? Income elasticity of demand is an economic concept that measures how demand for a particular good responds to a change in the real income of consumers. It examines the link between real income and demand for goods and how quantity demanded becomes sensitive when there is a change in the real income of people who ...

What is Regulation R? Regulation R implements an exemption for banks offering certain brokerage services and allows them to provide those services without registering themselves as a broker-dealer. Section 3 of Securities Exchange Act 1934 defined certain activities as brokerage service and mandated brokerage dealer registration for the institutions...

What is a purchase-money grace period for a purchase-money security interest in non-consumer goods? Sellers of non-consumer goods receive temporary automatic perfection of an attached PMSI in the collateral sold. As the name applies, the security interest is temporary in nature. The seller has a 20-day grace period for filing a financing statement f...