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1. What activities were declared unfair business practices by: A: The Clayton Act? B: The Wheeler-Lea...

1. What activities were declared unfair business practices by:

A: The Clayton Act?

B: The Wheeler-Lea Act

C: The Robinson-Patman Act

D: The Cellar- Kefauver Act? 


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Answer #1

Ans 1.

A. The Clayton Act - This Act defines unethical business practices such as price fixing and monopolies and upholds various rights of labor.

B. The Wheeler-Lea Act - This act forbids the debt collectors from using unfair, abusive and deceptive collection methods. This act was against unfair or deceptive acts or practices as well as unfair methods of competition.

C. The Robinson-Patman Act - The Act prohibits the sales that discriminate in price on the sale of goods to equally-suited distributors, when the effect of such sale is to reduce competition.

D. The Cellar-Kefauver Act - This was an anti-merger act passed by the Congress to prevent mergers and acquisitions that could reduce competition.

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