Exam 24: Antitrust Laws

Which of the following acts amended Section 7 of the Clayton Act and introduced a premerger notification requirement into the area of mergers?

Explain the types of activities that are considered to be horizontal restraints of trade.

General Automotive, a car manufacturer, purchased Bluestone Motors, its competitor, and thus eliminated the competition at its level in the industry. This is an example of .

Discuss arguments for the application of rule-of-reason standard and the per se standard to vertical territorial restraints.

Which of the following is true of a nolo contendere plea?

Notions Corporation holds a dominant position in the market because of its superior line of products. In fact, it now controls 90 percent of the product market within the relevant geographic market. Consumers are willing to pay more for Notions' products despite the fact that a few competitors offer similar products at substantially lower prices. If a competitor were to charge Notions with being a monopolist under Section 2 of the Sherman Act, which of the following statements is true?

Predatory pricing is pricing below the average variable cost in order to drive out competition.

Which of the following forms of price discrimination occurs at the buyer level?

Because the Act (enacted in 1890) was aimed at monopolies that called themselves trusts, it was called a(n) statute.

The general principle guiding the courts in application of the Sherman Act and other U.S. antitrust laws has been that if the United States or foreign private companies enter into an agreement forbidden by Section 1 and that agreement affects the foreign commerce of the United States, then the jurisdiction.

Merger guidelines constitute law and, therefore, serve as more than just an advisory function.

A class action suit is brought by a member of a group of persons on behalf of all members of the group.

Courts have generally relied on Section of the Act in cases concerning tying arrangements and exclusive-dealing contracts.

The "sales" element that must be proved by a plaintiff in any action brought under Section 2(a) of the Clayton Act must be three or more actual sales.

Which of the following refers to a concerted action by two or more individuals or business entities in violation of the Sherman Act?

Arnold believes that U.S. firms should be allowed to enter into joint ventures with foreign multinationals without government interference. Betty thinks that the Federal Trade Commission should monitor such joint ventures closely. Based on this scenario, which of the following statements is true?

The Chicago School is a market or efficiency approach to antitrust policy.

Which of the following is true of Section 2(a) of the Clayton Act?

Cal believes criminal penalties for antitrust violations should be increased. Donna believes antitrust offenses should be decriminalized. Based on the scenario, which of the following statements can be inferred?

Which of the following serves as an incentive to bring private actions for the enforcement of antitrust laws?