In Dr. Miles Medical Co v. John D. Park & Sons, the Supreme Court said that when a producer sells to wholesalers and retailers, and requires them to resell the products at prices set by the producer, under the Sherman Act it was an:
a. illegal restraint of trade
b. illegal under a rule of reason analysis because competition was injured
c. legal under a rule of reason analysis because the medicines were patented
d. legal under a rule of reason analysis because the policy kept prices lower for consumers e. none of the other choices
a
You might also like to view...
Since interest and dividends received are most closely associated with investment activity and are often called investment income, the FASB classifies the cash received from these items as investing activities
Indicate whether the statement is true or false
For medium distances, quicker delivery times are provided by ______.
a. air transport b. sea transport c. truck transport d. pipeline
The "utilization factor" is defined as the
A) percent of time the system is idle. B) average percent of time the customers wait in line. C) average time the service system is open. D) percent of time that a single customer is in the system. E) None of the above
Under the Endangered Species Act, what federal agency in the Department of the Interior is responsible for preparing a list of species that are in danger of becoming extinct?
A)National Park Service B)Fish and Wildlife Service C)Bureau of Land Management D)Bureau of Safety and Environmental Enforcement