The Celler-Kefauver Act made it illegal to
a. provide selective discounts
b. set prices below marginal cost
c. conspire to collude
d. buy a competitor's patents, plants, or equipment
e. price discriminate
D
Economics
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An implication of the fact that the labor market is perfectly competitive is that:
A) there is always some unemployment. B) the labor demand curve is upward sloping and the labor supply curve is downward sloping. C) the quantity of labor demanded always exceeds the quantity of labor supplied. D) a worker willing to work at the equilibrium wage rate can instantly find work.
Economics
The manager-stockholder conflict generally becomes worse
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
Economics