Competition and Monopolies
Sherman Antitrust Act
A cereal brand claims it can make children smarter overnight without proof. This goes against the Wheeler Act (true or false)
True- Wheeler Act deals with false advertising
A grocery store labels 16oz of peanut butter at $4.00 and 32oz at $8.50. Is this compliant with unit pricing law? Tell why or why not.
Yes, the unit price is clear and comparable.
A car dealer agrees not to sell below a set (Manufacturers Set Retail Price) MSRP. Is the dealer compliant with the law.
This is compliant. They abide by the law.
An online store advertises 50% off but the regular price was never charged. This is an example of what?
Deceptive advertising.
A single company buys all the local bakeries to control bread prices. What law is being violated?
Sherman Antitrust Act
A soda brand advertises "zero calories" and it doesn't have any. This does not go against the Wheeler Act (true or false)
True
A canned soup is labeled 2.50 per can and 0.50 per ounce. This complies with unit pricing laws. Tell why or why not.
Yes, the unit price is provided.
A retailer discounts electronics below a legally set minimum price. Is this a violation.
Yes it is a violation is does not abide by the rules.
A supermarket labels an item as "on sale" when it is normally priced the same. What type of violation is this?