Discuss the Clayton Act and the Federal Trade Commission Act, and relevant amendments to them
What will be an ideal response?
The Clayton Act was passed to prohibit or limit a number of specific business practices that were felt to be unreasonable attempts at restraining trade. Included are price discrimination, exclusive dealing contracts, and mergers. The Robinson-Patman Act amended the Clayton Act to strengthen the prohibitions on price discrimination. The Federal Trade Commission Act established the Federal Trade Commission (FTC), and authorized the FTC to control unfair methods of commerce, including deceptive advertising.
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Monetarism is a school of thought put forth by Milton Friedman. He argued that the economy would most likely
A) be unstable. B) be at potential GDP. C) be above potential GDP. D) be below potential GDP.
Predictions of stock prices by stock market analysts
a. usually improve on simple extrapolation of past trends. b. are good in both the short term and in the long term. c. are poor since Wall Street does not pay enough to attract the best analysts. d. are poor because of randomness.