Question :
11) Under the Clayton Act and its amendments, which of : 1226278
11) Under the Clayton Act and its amendments, which of the following activities is illegal if it creates monopoly?
i.contracts that require other goods to be bought from the same firm
ii.contracts that prevent a buyer from reselling a product outside a specified area
iii.becoming a director of a competing firm
A) i only
B) ii only
C) ii and iii
D) i and iii
E) i, ii, and iii
12) Tying arrangements
A) require retailers to charge a specific price determined by the manufacturer.
B) require a buyer to purchase one product in order to buy another, different product.
C) are illegal under the Sherman Act.
D) always allow a firm to increase its market power.
E) are always illegal under the Clayton Act.
13) Which of the following is an example of a tying arrangement?
A) preventing a buyer from reselling a product outside a specific area
B) selling one product only if another product is purchased
C) forcing the purchase of all necessities from a single firm
D) prohibiting a seller from selling a competing item
E) selling different units of a good to the same buyer at different prices.
14) Tying arrangements
A) work only in perfectly competitive markets.
B) are illegal under the Sherman Act.
C) are illegal under the Clayton Act if they create monopoly.
D) are illegal under the Clayton Act and the Sherman Act only if they used along with predatory pricing.
E) are always illegal under the Clayton Act.
15) If a firm, Best Computer Buys, requires its customers to buy software from it whenever the customers purchase a computer, the company’s policy is called
A) an exclusive deal.
B) a territorial confinement.
C) a tying arrangement.
D) pricing discrimination.
E) predatory pricing.
16) In the 1970s, when a gasoline price ceiling was imposed that was below the equilibrium price of gasoline, some gas stations required that buyers of gas also purchase other products sold at the station. This policy is an example of which of the following?
A) price discrimination
B) tying arrangements
C) exclusive dealing
D) requirements contract
E) resale price maintenance
17) Which of the following is an example of exclusive dealing?
A) preventing a buyer from reselling a product outside a specific area
B) forcing a buyer to buy other goods from a supplier
C) forcing the purchase of all necessities from a single firm
D) prohibiting a seller from selling a competing item
E) selling different units of a good to the same buyer at different prices
18) If Polka Cola prevents all of its retail outlets from selling any other competing soft drink, it is engaged in
A) a tying agreement.
B) a requirement contracts.
C) an exclusive deal.
D) territorial confinement.
E) resale price maintenance.
19) Which of the following is an example of a territorial confinement?
A) preventing a buyer from reselling a product outside a specific area
B) selling one product only if another product is purchased
C) forcing the purchase of all necessities from a single firm
D) prohibiting a seller from selling a competing item
E) selling different units of a good at different prices to the same customer
20) Which of the following provisions require a firm to buy all of a particular item from a single firm?
A) tying arrangement
B) requirements contracts
C) exclusive dealing
D) territorial confinement
E) quantity discrimination
