The Clayton Act of 1914

question 138

Multiple Choice

The Clayton Act of 1914

• A)made conspiracy in the restraint of trade illegal.
• B)made price discrimination, exclusive dealing, tying contracts, and the acquisition of competing companies' stock illegal when they "substantially lessen competition or tend to create a monopoly."
• C)declared "unfair methods of competition in commerce" illegal.
• D)attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores.
• E)banned anticompetitive mergers that occurred as a result of one company acquiring the physical assets of another company.

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Definitions:

Social Psychology

The scientific study of how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Cognitive Misers

A term that conveys the human tendency to avoid expending effort and cognitive resources when thinking and to prefer seizing on quick and easy answers to questions.

Mental Effort

The amount of cognitive resources required to perform a task or understand a concept.

Introspective

A reflective process where an individual examines their own thoughts, feelings, and motives.