Word: ftc
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Dates: during 1950-1959
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Between them, said FTC, the two associations kept prices up by shutting out competition. The A.S.T.A. put on a campaign to convince buyers that they should do business only with its members. Then it limited membership by refusing to admit applicants on the ground that there were already enough dealers in their territory, or that they would not go along with A.S.T.A. price schedules, or that they were engaged at the same time in some other business. The M.S.T.A. persuaded manufacturers not to sell to dealers who did not have M.S.T.A.'s approval...
...result of the FTC's legal action, begun last spring, both associations have now promised to give up their restrictive, price-boosting practices. Because they signed a consent decree, the details of how much they had hiked the costs of medical care and surgery were not disclosed. But it was known that on some items the markup between manufacturer and buyer (doctor or hospital) had been as high as 600%. In the end, of course, the patient paid...
Gulf Price System. The basing point system, said he, is the so-called "Gulf Price" system, which fixes the world price of oil at U.S. Gulf ports plus transportation charges to where it is sold. The price of Middle Eastern oil, when sold in Europe, the FTC reportedly charged, is a Gulf-plus price, even though it is cheaper to produce than U.S. oil. Last year U.S. Navy vessels refueling in Mediterranean ports had the same complaint. Last week Assistant Secretary of State for Economic Affairs Willard L. Thorp told a congressional committee that world oil prices are fixed...
...rabbit's eyelid, claimed they found no measurable differences in brands. To measure the amount of swelling caused by protective fluids rushing into the smoke-filled eyes,* testers even trimmed off the upper lids, weighed the membranous linings, then dried them in an oven, and weighed them again. FTC ruled this test out. Philip Morris cut holes in rabbits' tracheas to pump smoke into their lungs (five of the rabbits died, but Philip Morris says they were smoking rival brands). Competitors pumped smoke through the noses of dogs to see if nasal passages were irritated enough to cause...
...none of the tests impressed FTC. It stuck to its earlier findings that tobacco itself is the major irritant in cigarettes, and that all cigarettes are about equally irritating. Accordingly, it forbade Philip Morris from making any further claims that its cigarettes are "less irritating," and that "outstanding nose & throat specialists" recommend them for their patients who smoke...