The Practices Enumerated in the Clayton Act Are Considered Illegal

question 44

Multiple Choice

The practices enumerated in the Clayton Act are considered illegal when they do what?

• A) Create interlocking directorates.
• B) Promote mergers.
• C) Enable exclusionary practices.
• D) Create price discrimination.
• E) Cause significant harm to competition.

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Definitions:

Express Warranties

Explicitly stated assurances provided by a seller to a buyer regarding the quality, condition, or performance of a product or service.

Express Warranty

is a seller’s promise or guarantee that a product will meet certain quality and reliability standards, explicitly stated in the contract or sales agreement.

Credit

The ability of a consumer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Sample

A portion, piece, or segment taken from something larger to represent the quality, style, or nature of the whole.