When is an exclusive dealing agreement legal?
a. When its purpose is to require a certain minimum price
b. When a customer can buy one product only if they also buy a different product
c. When its purpose is to encourage competition
d. When a dealer sells products from several companies
c. When its purpose is to encourage competition
An exclusive dealing agreement between a manufacturer and a dealer can be legal or illegal. It is legal if the purpose of the contract is to encourage competition between dealers.
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How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.25 dollars per one British pound?
A) 50 dollars B) 60 dollars C) 70 dollars D) 62.5 dollars E) 40 British pounds
An initial deficiency in reserves of $20 and a required reserve ratio of .5 lead to a maximum demand deposit contraction of
A) $8. B) $40. C) $50. D) $80.
A lottery promises a $250,000 prize. But the prize money is paid out in $50,000 annual installments with the first installment received today.. The winner is offered the option of an immediate lump-sum payment. If the interest rate remains at 10 percent for the entire period, what is the smallest amount the winner should accept?
a. $189,540 b. $192,970 c. $208,494 d. $225,000
The revolutionary concept put forward by John Maynard Keynes was to stimulate aggregate demand through expansionary fiscal policy
Indicate whether the statement is true or false