1.Concerted activities are illegal per se. true or false 2. When a product is so
ID: 446526 • Letter: 1
Question
1.Concerted activities are illegal per se.
true or false
2.
When a product is sold only on condition that the buyer also purchases a second different product from the seller, the transaction is called a/an:
3.
For a seller's pricing to be considered predatory conduct, there must be proof that:
he buyer had other options in the same product line available in different price ranges.
4.
The _____, as permitted by the Robinson-Patman amendment refers to price differentials based on differences in the cost of manufacture, sale, or delivery of commodities.
A. executory contract. B. exclusive dealing contract. C. reciprocal dealing agreement. D. tying agreement. E. licensing agreement.Explanation / Answer
1. Concerted activities are activities that are undertaken jointly by employees. The objective of concerted activities is collective bargaining, or for the purpose of union or for mutual protection. These activities are not illegal and the National Labor Relations Act (NLRA) protects individuals engaged in concerted activities.
So the answer is "false".
2. the answer is "D" tying agreement. In a tying agreement, the seller will sell the first product only on the condition that the buyer will buy a separate product from the seller. The separate product is called the tied product. Not only different products but services and leases can also come under tying agreements.
3. the answer is "B". In USA, it has be proved in the court of law that the seller was selling below his cost price. It is only when the seller is selling below his cost price that the court will consider the price to be predatory. Secondly, the intention of eliminating the competition has to be there.
4. the answer is "E" - cost justification defense. The Robinson-Patman Act prohibits discrimination prices of goods of same quality and grade. However, if the price differential is reflecting the variance in the sellers cost of manufacturing or delivery, it is allowed.
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