Please read the cases and answer the questions by using the relevant Essay - 1

Please read the cases and answer the questions by using the relevant legal basis - Essay Example , the company must leave room for competition and must not subdue other smaller companies in the region for encouraging technological development, thus conforms to the law (Geneva, 2008). Price fixation in a market prohibits competition and leads to the development of a monopoly market structure. Inferring to the case of Ilovemoneyalot Telecommunications Company, the action by the CEO of the company to influence fixation of the prices of smartphones through a decrease of prices by 35% would disadvantage other smaller companies who are not part of the agreement to decrease the price. The decrease in prices of the smartphones by 35% would result in concerted practice towards other smaller players with a total share of 20% of the overall market share. In the reduction of the prices, Ilovemoneyalot Company should involve all the players in the market in the decision-making to avoid disadvantaging other market players. The patency law helps in the protection of the original work of an individual against production or reproduction by another party. This law majorly applies in artistical, and literature works like songs, work of literature or an innovation. Relating the patency law to the case of Arthur, the pianist who wrote a song â€Å"Beautiful Maria of my life,† after the production of the song by another party, the original composer can take legal action against the neo- composer if he/she can prove patency to the work. This is because the law protects from the production of another’s work, which is presumably still under modification (Geneva,