For each of the major laws discussed in the text, indicate whether in the long run the
Question:
For each of the major laws discussed in the text, indicate whether in the long run the law will promote or restrict competition (Exhibit 3–4). As a consumer without any financial interest in business, what is your reaction to each of these laws?
Transcribed Image Text:
Law Product Place Promotion Price Sherman Act (1890) Monopoly or conspiracy in restraint of trade Monopoly or conspiracy to control a Monopoly or conspiracy to control distribu- tion channels Monopoly or conspiracy to fix or control prices product Clayton Act (1914) Substantially less- ens competition Exclusive dealing contracts (limiting buyers' sources of supply) Forcing sale of Price discrimination by manufacturers some products with others- tying contracts Unfair policies Deceptive ads or selling prac- Federal Trade Deceptive pricing Commission Act (1914) Unfair methods of competition tices Robinson-Patman Prohibits "fake" Prohibits price discrimi- nation on goods of "like grade and quality" with- out cost justification, and limits quanitity discounts Act (1936) Tends to injure competition advertising allowances or discrimination in help offered Wheeler-Lea Deceptive packaging or branding Deceptive ads or selling claims Deceptive pricing Amendment (1938) Unfair or deceptive practices Antimerger Act (1950) Lessens Buying competitors Buying producers or distributors competition Magnuson-Moss Act (1975) Unreasonable practices Product warranties
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Essentials Of Marketing
ISBN: 9781259573538
15th Edition
Authors: William Perreault, Joseph Cannon, E. Jerome McCarthy
Question Posted:
Students also viewed these Essentials Of Marketing 15th Edition questions
-
What is your reaction to the report Comment on your reaction to how fraud is committed Who are the victims of occupational fraud and are their any victims who have not been mentioned in the report...
-
What is your reaction to advertisements in movie theaters that precede featured films? Does such advertising disturb you, or do you find it perfectly acceptable?
-
what are your recommendations for each of the companies regarding price awareness?
-
Design a plan to research and select a new or used automobile.
-
Using the chart of accounts for Dr. Kuhl from Problem 11A-1, record the following transactions in the synoptic journal and then prove the journal: 2012 May Dr. Kuhl deposited $9,000 in the practice....
-
'Hi Lyn, it's good to see you after all this time,' smiles Ella Vivakis, HR manager for Ajax Insurance. 'It's not all that long Ella - must be about 12 months,' replies Lyn, a self-employed HR...
-
What is the simplest way to verify the accuracy of a breakeven calculation?
-
Reston, Inc., has asked your corporation, Pruro, Inc., for financial assistance. As a long-time customer of Reston, your firm has decided to give that assistance. The question you are debating is...
-
A classmate has asked you to help create financials for a property management firm's investment: 1 0 office units, contract rents per unit: $ 3 , 3 0 0 per month; vacancy and collection losses: 5 % ;...
-
A T-shirt company has fixed costs of $25,000 per year. Each T-shirt costs $8.00 to produce and sells for $12.50. How many T-shirts must the company produce and sell each year in order to make a...
-
Consider two vastly different companiesone sells oral health care products (toothbrushes, toothpaste, mouthwash), the other is a fast food restaurant. For each of these companies, describe the firms...
-
Drawing on data in Exhibit 35, do you think that Romania would be an attractive market for a firm that produces home appliances? What about Finland? Discuss your reasons. Data from Exhibit 3-5...
-
Consider the autonomous first-order differential equation dy/dx = y - y 3 and the initial condition y(0) = y 0 . By hand, sketch the graph of a typical solution y(x) when y 0 has the given values....
-
Therefore, moral and ethic values as a whole shape the development and direction of the law?
-
Lucetta orders 2 0 pounds of flour from Baking World at $ 5 per pound. Upon receipt of the order, Baking World ships the flour. Is this a contract for the sale of goods? If Baking World ships 1 0...
-
Use a table of values to evaluate lim O lim 0+x sin(5x) =5 X O lim sin(5x) = -5 0+x lim 0+x sin(5x) X does not exist lim sin(5x) = 0.08727 0+x 0+x sin(5x) X
-
The disputants are ex-spouses. The conflict is over the interpretation of a provision in the marital settlement agreement that specifies how, and when, the residence owned by the two ex-spouses is to...
-
1. Deacribe how Ron Shaich uses the functions of management. 2. As CEO what are some of the major plans that Shaich has made for Panera Bread? what element of planning was he using here ?
-
From the following income statement (Figure 21.14), balance sheet (Figure 21.15), and additional data for Cygan Company, prepare a statement of cash flows using the indirect method. Additional Data...
-
What is the ideal number of children to have? This question was asked on the Sullivan Statistics Survey I. Draw a dot plot of the variable Children from theSullivanStatsSurveyI data set at...
-
How has the development of technology and the Internet impacted on the development of strategy?
-
Compare Dunning's eclectic theory of internationalization with the stages of development approach.
-
What organisational structures might a multinational computer manufacturer (e.g. IBM) use?
-
Suppose you are the money manager of a $4 million investment fund. The fund consists of fours stocks with the following investments and beta: Stock A B C D Investment $400,000 600,000 1,000,000...
-
A 2 0 - year loan is repaid by a decreasing annuity of 2 0 , 1 9 , 1 8 , etc. Payments are made at the end of the year. The annual effective interest rate is 7 % . Complete the table below so that it...
-
A tool company uses just-in-time production on its assembly lines to manufacture tools. When producing tools, many costs are incurred, and one of these is the steel used in the tools. What type of...
Effective Project Management Traditional Adaptive Extreme 4th Edition - ISBN: 0470042613 - Free Book
Study smarter with the SolutionInn App