Describe the type of behavior Section 3 of the Clayton Act is designed to attack.
What will be an ideal response?
Section 3 of the Clayton Act is designed to attack three kinds of anticompetitive behavior: tie-in (or tying) contracts, exclusive dealing contracts, and requirements contracts. Section 3 makes it illegal to lease or sell commodities or to fix a price for commodities on the condition or agreement that the buyer or lessee will not deal in the commodities of the competitors of the seller or lessor if doing so may "substantially lessen competition or tend to create a monopoly in any line of commerce." Tie-in contracts (tying contracts) occur when a seller refuses to sell a product (the tying product) to a buyer unless the buyer also purchases another product (the tied product) from the seller. An exclusive dealing contract is created when a buyer agrees to sell only the product lines of his seller. A requirements contract is created when a buyer agrees to purchase all of its needs in a certain item from one seller.
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Answer the following statement true (T) or false (F)
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Fill in the blank(s) with the appropriate word(s).
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Answer the following statement true (T) or false (F)