Exam 13: Antitrust and Regulation
Exam 1: Introducing the Economic Way of Thinking251 Questions
Exam 2: Production Possibilities, Opportunity Cost, and Economic Growth202 Questions
Exam 3: Market Demand and Supply412 Questions
Exam 4: Markets in Action253 Questions
Exam 5: Price Elasticity of Demand and Supply280 Questions
Exam 6: Consumer Choice Theory272 Questions
Exam 7: Production Costs243 Questions
Exam 8: Perfect Competition237 Questions
Exam 9: Monopoly168 Questions
Exam 10: Monopolistic Competition and Oligopoly187 Questions
Exam 11: Labor Markets202 Questions
Exam 12: Income Distribution, Poverty, and Discrimination130 Questions
Exam 13: Antitrust and Regulation203 Questions
Exam 14: Environmental Economics106 Questions
Exam 15: International Trade and Finance241 Questions
Exam 16: Economies in Transition108 Questions
Exam 17: Growth and the117 Questions
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If two or more firms collude to fix prices, this would be outlawed by the:
(Multiple Choice)
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The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the:
(Multiple Choice)
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Overconsumption of a product can be caused by imperfect information.
(True/False)
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Which of the following mergers would result from the purchase of a paper mill by a textbook publishing company?
(Multiple Choice)
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Which of the following is often called the "Antimerger Act"?
(Multiple Choice)
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Officers of five large building-materials companies meet and agree than none of them will submit bids on government contracts lower than an agreed-upon level. This is an example of:
(Multiple Choice)
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If a firm buys the assets of a firm with cash, it may be in violation of the Celler-Kefauver Act.
(True/False)
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The per se rule refers to the interpretation of the courts that dominant firms should be broken up because of their:
(Multiple Choice)
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The federal agency established in 1934 to regulate telephones and broadcasting industries is the:
(Multiple Choice)
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Exhibit 13-1 Cable television monopolist
-As shown in Exhibit 13-1, an unregulated cable television monopolist would operate at which point on its demand curve:

(Multiple Choice)
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A merger between a leather supplier and a shoe manufacturer would be classified as a:
(Multiple Choice)
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If a firm offers quantity discounts or special promotional allowances only to favored distributors and the effect is to substantially lessen competition, then it is in violation of the:
(Multiple Choice)
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Which act of Congress declared tying contracts, exclusive dealing, and price discrimination illegal?
(Multiple Choice)
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The government's court case against Microsoft is an example of:
(Multiple Choice)
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Which of the following is illegal under Clayton Act of 1914?
(Multiple Choice)
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What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?
(Multiple Choice)
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If a steel company and an ice cream company decide to merge, this merger would be classified as:
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