Kindly answer this and give brief explanation.
Which of the following is a false statement?
- Under the Rule of Reason, U.S. courts will consider the purpose and consequences of an agreement between vertical businesses to restrain trade or commerce.
- Market power is the power that a firm possesses to materially affect the market price of a
product - up or down - at will.
- Price discrimination is not necessarily a violation of U.S. antitrust law.
- A firm that possesses a significant degree of market power is automatically violating
monopolization antitrust laws in the United States.