Word: wayes
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Dates: during 1940-1949
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...airplane is supported by the reaction between its stationary wings and the air that strikes them as the plane moves horizontally. A bird is supported in the same way. The broad inner portions of its wings, which move less than the tips, are kept at any angle of attack that gives them maximum lift...
...same way that design now overlaps, so do prices. List f.o.b. prices on the 1949 Chevrolet range from $1,360 to $1,878; on the Pontiac from $1,721 to $2,722; the Oldsmobile from $1,764 to $3,338; the Buick from $1,787 to $3,797; the Cadillac from $2,840 to $5,253. Thus G.M.'s five divisions are competing among themselves...
...said it was not concerned with pricing methods, but only with possible conspiracies to fix prices. Individual businessmen, it said, are free to compute their prices by using basing points, absorbing freight charges, or any other way they please, provided they do not use the system to conspire to fix prices illegally...
...basing-point system was likely to arouse its suspicions. FTC said it would suspect conspiracy whenever: 1) prices quoted by competing firms stayed uniform over any length of time, or were changed in concert; 2) competitors whose prices were unusually low were squeezed out or "disciplined" some other way; 3) companies habitually accepted a drop in sales rather than cut their prices...
...short, when FTC last year was plumping for f.o.b. pricing, it was not trying to lay down a law; it was merely pointing out the safest way to avoid suspicion. But, warned FTC: "No pricing formula ... is automatically free from or . . . subject to a charge of conspiracy...