1. The Sherman and Clayton Acts
The Clayton Act of 1914 classifies several business practices as illegal, including price discrimination and tying contracts, if they "substantially lessen competition or tend to create a monopoly."
The Clayton Act of 1914 is an example of which of the following?
A. Antitrust laws
B. Price regulations
1. The Sherman and Clayton Acts
The Clayton Act of 1914 classifies several business practices as illegal, including price discrimination and tying contracts, if they "substantially lessen competition or tend to create a monopoly."
The Clayton Act of 1914 is an example of which of the following?
A. Antitrust laws
B. Price regulations
Related textbook solutions
Related questions
Question 11 (2 points)
A horizontal merger takes place when
Question 11 options:
| a firm acquires a competitor that is operating in the same industry. | |
| similar firms agree to compete or collude. | |
| firms in completely unrelated industries merge. | |
| a firm diversifies by merging with unrelated firms in other countries |
Question 12 (2 points)
The Supreme Court's use of the rule of reason originated after which case?
Question 12 options:
| Standard Oil | |
| U.S. Steel | |
| ALCOA | |
| XEROX |
Question 13 (2 points)
The Standard Oil trust
Question 13 options:
| was broken up in 1946. | |
| was controlled by several foreign nations. | |
| was found to be in violation of the Sherman Act because it forced its competitors out of business. | |
| was created by the U.S. government. |
Question 14 (2 points)
Which of the following statements is false?
Question 14 options:
| Tying contracts are forbidden under the Clayton Act | |
| The Clayton Act prohibits interlocking stockholding | |
| The Clayton Act repealed the main provisions of the Sherman Act. | |
| The Clayton Act was an important anti-trust law passed in 1914. |
Question 15 (2 points)
If a producer forces a retailer into a contract that prohibits the retailer from selling the producerâs competitorâs products, this is an example of
Question 15 options:
| a horizontal contract | |
| exclusive dealings | |
| a tying contract. | |
| bundling |
