Discuss the validity and effect of each of the following:

1. Two manufacturers of the same product decide to allocate territories with one taking the southern states.

2. A labor union encourages its members and all consumers to boycott a product manufactured by a company that refuses to honor a union contract.

3.Betty's Bargain Department Store sells its products for 10% under the suggested retail price. One manufacturer tells the store it will not supply wholesale goods to it unless it charges at least the suggested retail price.