The Clayton Act of 1914

question 4

Multiple Choice

The Clayton Act of 1914

• A)was too vaguely worded to reduce anticompetitive behavior significantly
• B)prohibited conspiracies in restraint of trade
• C)prohibited price discrimination that reduces competition and cannot be justified based on cost differences
• D)created the Federal Trade Commission
• E)prohibited firms from reducing prices too far

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Definitions:

Creators’ Obligations

Duties and responsibilities that creators, such as authors, artists, and designers, owe to their clients, sponsors, or the public, which may include originality, quality, and copyright adherence.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise which the promisee relied on, leading to a detriment.

Equitable Doctrine

Legal principles developed by courts based on fairness and justice, used to supplement and correct strict legal rules that might lead to unfair results.

Unjust Enrichment

A legal principle that prevents one party from gaining a benefit at another's expense without compensation.