Exam 9: A Managers Guide to Antitrust Policy

Antitrust laws are laws that________ .

If Healthy Bars agrees to sell its snack bars to a large grocery chain on the contractual condition that the grocery chain does not sell any of Healthy Bars' competitors' snack bars, this is an example of_____.

In recent years, the average prison sentence for managers convicted of violating the Sherman Act is _______years.

If an illegal per se act has been proven to have occurred, there is no defense possible.

If two goods have a _____cross- price elasticity of demand, then the antitrust agencies can conclude that the products_____ compete in the same market as strong substitutes.

If four quick oil change service companies agree to reduce the number of cars they service each month in an effort to raise the price for the service, this is an example of ________.

The European Union competition authorities can examine mergers between each of these firms except which one?

The manager of Happy Chickens, an organic egg producer, should avoid all of the following topics except which one when speaking to managers of Best Eggs, a competitor firm?

If Healthy Nuts contractually requires distributors who purchase Healthy Nuts' snack packs to also purchase Healthy Nuts' large- sized mixed nuts tins, this is an example of _____.

Monopolies _______society's total surplus by producing_______ than the efficient quantity.

If there are eight firms in a market and each has an equal market share, the Herfindahl- Hirschman Index (HHI)is and the market is_____considered to be ______ .

The Antitrust Division of the Department of Justice _______file criminal suits and the Federal Trade Commission ________ file criminal suits.

U.S. antitrust agencies tend to emphasize ______ surplus and generally challenge the merger if they believe the predicted price will_____ as a result of the merger.

All of the following are true regarding the Sherman Act except which one?

Article 102 of the Treaty on the Functioning of the European Union (TFEU)prohibits a dominant firm from doing all of the following except which one?

As long as the practice does not restrict competition, he European Union competition law considers all of the following permissible except which one?

Which of the following actions should be discussed with an attorney before undertaking as the action could be considered legal?

If a sailboat manufacturer has an agreement with the firm that produces the sails for the sailboats, this is an example of a _______agreement.

If three health bar companies are in an agreement, this is an example of a_______ agreement.

If two quick oil change companies agree that one company will purchase locations in rural and suburban areas and the other company will purchase locations in the urban areas, this is an example of_______ .