The Deregulation of Oil Pricing Will

question 74

Multiple Choice

The deregulation of oil pricing will

• A)increase our dependence on foreign oil.
• B)make the United States energy independent by the year 2000.
• C)decrease domestic production.
• D)decrease the extent of the nation's dependence on foreign oil.

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Definitions:

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at preventing unfair business practices such as price discrimination, exclusive dealings, and mergers that significantly lessen competition.

Tying Contract

A type of agreement where the buyer is required to purchase a secondary product along with the primary product, often enforced by the seller.

Antitrust Question

Concerns issues related to laws and regulations that prevent monopolies and promote competition in the market.

Rule Of Reason

The Rule of Reason is a legal doctrine used in antitrust law to determine if a business practice is anticompetitive.