In a well-established market, ComBuilt produces the nation's best-selling bookkeeping software. The program is far superior to all other similar programs. ComBuilt requires all its distributors and retailers to sell the program at a specified price. This is:
a. known as a price maintenance agreement and may violate Section 1 of the Sherman Act under the rule of reason test.
b. known as a price maintenance agreement and is a per se violation of Section 1 of the Sherman Act.
c. exempt from antitrust laws because it does not constitute an interference with competition.
d. allowed by antitrust laws because it is a superior product.
Ans: a. known as a price maintenance agreement and may violate Section 1 of the Sherman Act under the rule of reason test.
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______is a non-profit organization comprising investors and environmental organizations who work with corporations to address sustainability challenges such as climate change.
A) Canadian Sustainability Indicators Network (CSIN) B) International Organization for Standardization (ISO) C) International Institute for Sustainable Development (IISD) D) Coalition for Environmentally Responsible Economies (Ceres) E) Amnesty International
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 280,000 Total assets $375,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity—Common 220,000 Total liabilities and stockholders' equity $375,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 15,000 Net income $30,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the rate earned on stockholders' equity? a. 7.3% b. 13.6% c. 20.5% d. 40.9%
Which of the following is NOT one of the advantages of inside selling?
A) Inside selling is less expensive than in-person selling. B) Inside salespeople spend more time checking inventory. C) Inside salespeople spend more time following up orders. D) Inside salespeople spend more time phoning smaller accounts. E) All of the above are advantages.
What discomfort occurs when there is inconsistency between a person’s beliefs, attitudes, or behaviors?
What will be an ideal response?