Though entrepreneurs are experts in business operations, some of the decisions required in business ventures may require experts in areas such as law.

US Department Of Justice v. Apple Inc
Name
Institutional affiliation

US Department Of Justice v. Apple Inc
The importance of law in a business environment
Though entrepreneurs are experts in business operations, some of the decisions required in business ventures may require experts in areas such as law. Business laws, therefore, establish the rules, regulations, and guidelines that businesses should comply with, in a bid to enhance a viable business environment. Some of the business laws may revolve around issues such as taxation, competition, intellectual property and environmental laws.
Parties in court
The parties in court are Apple Inc. and the US department of justice.
Background to problem
According to the prevailing business laws in the United States, companies should only engage in healthy competitive strategies. As such, any business that engages in unhealthy and unethical business activities should be charged in a court of law.
Within the context of Apple inc., the petitioner argues that Apple had conspired with book publishers to sell eBooks at certain fixed prices. This was intentionally done to reduce the customers’ choices and also block other competitors from selling their products through Apple tech devices.
The specific disagreement between the parties
The specific disagreement between the parties involved in this case is on whether price fixing is legal in the United States. The main argument of the plaintiff is that Apple had entered into a conspiracy with Defendant book publishing company in a bid to raise the retail prices of eBooks.
Ruling of the court
The Jury asserted that according to Sherman Act, vertical pricing is an illegal activity under the trade laws and consumer protection Acts in the United States.
Therefore, the fact that Apple Inc conspired with the publisher to raise the prices of the eBooks through apple’s ibook platform is an offense that should be punished under the US antitrust laws.
Key judicial concepts that influence the decisions related to business
The legal concepts that influenced this decision include the Sherman Antitrust Act, consumer protection law, legitimate business activity, competition laws and ethics.
Whether I agree with the court decision
I agree with the court decision because it upholds the essence of ethics in business activities. Price fixing is an exploitative business activity that should be condemned with a bitter indictment.