Exam 33: Antitrust Law and Unfair Trade Practices

The rule of reason is characterized by ________.

A large multinational organization discontinues its clothing manufacturing business and subsequently lowers the prices of all clothing goods manufactured by it.In this instance,the organization can claim the ________ defense to price discrimination.

Resale price maintenance is a vertical trade restraint that involves the seller's refusal to sell a product to a customer unless the customer purchases a second product.

Section 2 of the Sherman Act ________.

A(n)________ is an independent choice made by one party not to deal with another party.

A publishing house is charging customers a lesser price for its products owing to an extensive warehouse network and reduced overhead costs.Would this constitute a violation of Section 2(a)of the Robinson-Patman Act?

A(n)________ is a type of plea where the defendant pays a penalty without admission of guilt.

Which of the following is true of vertical mergers?

Which of the following is a defense to a charge of monopoly?

Cost justification is not a statutory defense to price discrimination.

The ________ is a rule that is applicable to restraints of trade considered inherently anticompetitive.

________ damages are the only damages that may be recovered for violations of the FTC Act.

What is the difference between horizontal and vertical price fixing?

A horizontal merger is a merger that integrates the operations of a supplier and a customer.

________ is a defense in a Section 2(a)action which provides that a seller's price discrimination is not unlawful if the price differential is due to "differences in the cost of manufacture,sale,or delivery" of the product.

________ prohibits unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce.

A private plaintiff has ________ years from the date on which an antitrust injury occurred to bring a private civil treble-damages action because only damages incurred during this period are recoverable.

Which of the following describes a vertical merger?

The ________ doctrine is considered to be a primary defense to Section 7 of the Clayton Act.

Which of the following defenses to monopolization can an electricity supplier to a small town,that can support only one competitor,claim?