Final answer:
It is true that gray markets can lead to authorized dealers not being the sole distributors. Exclusive dealing agreements are legal when promoting competition but can be illegal and limit competition if they grant extensive exclusive rights. Minimum resale price maintenance agreements are illegal if they dictate prices that restrict competition.
Step-by-step explanation:
The statement in question is true: gray markets do impose consequences that may result in authorized dealers being no longer the sole distributors of certain products. Exclusive dealing agreements between manufacturers and dealers are designed to ensure that certain retailers are the only ones who sell a company's products. However, these agreements can be both legal and illegal. It is legal if it aims to encourage competition among dealers; for instance, it is permissible for the Ford Motor Company to limit its car sales exclusively to Ford dealers. But such agreements can also limit competition if they grant exclusive distribution rights to a large retailer for a wide range of products, which could have an anti-competitive effect on other retailers. Similarly, minimum resale price maintenance agreements, which dictate a minimum price for dealers, are illegal as they restrict competition but manufacturers are allowed to suggest minimum prices and refrain from selling to dealers that frequently sell below these suggested prices.