1. Section 2(b) of the Robinson-Patman Act allows a seller to price discriminate in certain geographic areas if the comp

[answerhappygod]

1. Section 2(b) of the Robinson-Patman Act allows a seller to
price discriminate in certain geographic areas if the competition
has a lower price. What can the seller lower the price to according
to section 2(b)?
A. To the same price as the competitor
B. 10% discount off the list price of the seller
C. To intentionally create a price that beats the competitor
D. 50% discount off the list price of the seller
2. Humongous Corp., a conglomerate with interests in various
industries, recently acquired Perfect Petrochemicals Co., a
prominent producer of petroleum products that are used in
manufacturing plastic. This acquisition was a complete surprise to
Perfect's competitors, who never thought that Humongous had any
desire to become involved in the petrochemical production business.
Companies A and B owned by Humongous used plastic as a raw
material. None of the companies under the Humongous umbrella made
plastic, therefore A and B bought plastic from outside suppliers
who used petrochemical products as raw material to make plastic.
Which of the following theories is the most appropriate one for
challenging the acquisition of Perfect by Humongous under Section 7
of the Clayton Act?
A.Elimination of actual potential competition
B.Unfair advantage
C.Potential reciprocity
D.Elimination of perceived potential competition