Answer the following statements true (T) or false (F)
1) Conditional sales are always illegal per se under the Clayton Act.
2) Exclusive dealing contracts and requirements contracts have both procompetitive and anticompetitive motivations.
3) Exclusive dealing contracts and requirements contracts are illegal per se.
4) Exclusive dealing contracts and requirements contracts are procompetitive as they encourage advertising.
5) Section 3 of the Clayton Act prevents an individual from sitting on the boards of directors of two competing firms.
1) FALSE
2) TRUE
3) FALSE
4) TRUE
5) FALSE
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If the institutions in an economy change from being extractive to inclusive, then in the economy:
A) geographical conditions will improve. B) returns to education will decrease. C) returns to entrepreneurship will increase. D) geographical conditions will deteriorate.
The HPAE have been more open to imports than most developing countries
Indicate whether the statement is true or false
Which of the following strategies are adopted by a business tycoon when the first new management of the purchased company fails?
a. He tries a second management team. b. He tries to train and motivate the existing management team. c. He sells off part of the company in the market. d. He tries to reduce the cost of production by lowering output.
The definition of interest in economics is ______.
a. the demand for loan money b. the cost of borrowed funds c. the rate of price increase d. the decision to purchase