Which of the following statements is true of Section 2 of the Sherman Act?
A. Joint action is necessary in order to violate Section 2.
B. Section 2 outlaws contracts, combinations, and conspiracies.
C. Section 2 does not outlaw monopolies.
D. In order to show a violation of Section 2, the government or a private plaintiff must not show that the defendant firm has monopoly power.
Answer: C
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Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a ratio of 3:2 . Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000 . If the noncash assets are sold for $50,000, and each partner is personally insolvent, Partner Macki will eventually receive cash of
a. $0 b. $10,000 c. $12,000 d. $20,000
For a stock dividend of less than 20 to 25% of the outstanding shares, Stock Dividends is debited for the par value of the stock to be distributed
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true of the influence of product characteristics on a company's channel strategy?
A) Products with low unit prices are usually sold using a company's sales force. B) Products that are sold using direct distribution generally require narrow selling margins. C) Perishability is an important product characteristic that influences channel strategy. D) Bulky products are ideally distributed through direct-sales systems globally.
A cognitive conflict is the one that arises from differences in personalities and relationships rather than from differences in understanding content or tasks
Indicate whether the statement is true or false.