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Week 5 Review E

Business Law I

QuestionAnswer
A federal statute prohibiting combinations and contracts in restraint of interstate trade, now generally inapplicable to labor union activity. Sherman Antitrust Act
Monopolies and combinations that restrain trade are prohibited under the federal anti- trust laws Monopolizatio
the ability to control price and exclude competitors. Market Power
A court order to dispose of interests that could lead to a monopoly. divestiture order
A federal law that prohibits price discrimination. Clayton Act
A federal statute designed to eliminate price discrimination in interstate commerce. Robinson-Patman Act
The charging practice by a seller of different prices to different buyers for commodities of similar grade and quality, resulting in reduced competition or a tendency to create a monopoly. Price discrimination
The anticompetitive practice of requiring buyers to purchase one product in order to get another. Tying
Three times the damages actually sustained. Treble damages
Created by: Thisguyneedshelp
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