The Clayton Act of 1914 Was Passed to Prohibit, in Part

question 129

Multiple Choice

The Clayton Act of 1914 was passed to prohibit, in part

• A) price discrimination if the effect is to substantially lessen competition or create monopoly.
• B) unfair methods of competition and unfair or deceptive business practices.
• C) combinations, trusts, or conspiracies that restrict interstate or international trade.
• D) business practices that allow one firm to profit at the expense of another whenever the first firm is a monopoly.

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Definitions:

Uncertain Environment

An environment that lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives.

Probabilities

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Nonprogrammed Decision

A decision made in response to situations that are unique, relatively unstructured, and undefined, often requiring creative problem-solving.

New Market

Refers to either a completely unexplored market sector or geographic area where a product, service, or business can expand.