Exam 33: Antitrust Law and Unfair Trade Practices

Price fixing is a ________ violation of Section 1 of the Sherman Act.

State antitrust laws are used to attack anticompetitive activity that occurs in intrastate commerce.

Which of the following businesses and activities enjoy a statutory exemption from antitrust laws?

________ is a restraint of trade in which a seller refuses to sell one product to a customer unless the customer agrees to purchase a second product from the seller.

Firms that attempt or conspire to monopolize a relevant market may be found liable under Section 2 of the Sherman Act.

If two competing manufacturers of a similar product both separately reach an independent decision not to deal with a retailer,it is a violation of Section 1 of the Sherman Act.

A merger where a chain of coffeehouse stores acquires a coffee plantation is an example of a ________.

Section 2 the Clayton Act does not apply to the sale of intangible property or services.

What effect can a government judgment have on an antitrust violation case?

The ________ is a federal statute,enacted in 1930,that prohibits price discrimination.

If two products are substitutes for each other,they are not considered part of the same line of commerce.

Which of the following is true of the Colgate doctrine?

Under the ________,the court must examine the pro- and anticompetitive effects of a challenged restraint.

Only actual damages,not treble damages,may be recovered for violations of the FTC Act.

Three of the largest petroleum refineries in the country have come to an agreement about what price they would pay to purchase crude oil from sellers.This is an example of ________.

Which of the following describes backward vertical merger?

Determining the line of commerce that will be affected by a merger involves defining the relevant product or service market.

The ________ is a defense that can be raised even if the merger would otherwise violate Section 7 of the Clayton Act.

A number of stores agree to stop stocking handsets by a certain manufacturer of mobile phones.This is an example of ________.

________ is an antitrust principle which says that two or more persons can petition the executive,legislative,or judicial branch of the government or administrative agencies to enact laws or take other action without violating antitrust laws.