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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Exhibit 13-1 Cable television monopolist
-As shown in Exhibit 13-1, regulators might follow a fair return pricing strategy and require the cable television monopolist to operate at point:

(Multiple Choice)
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The primary purpose of the Celler-Kefauver Act is to prevent unfair and deceptive business practices.
(True/False)
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Under an exclusive buying arrangement, a retailer agrees not to sell a good at the manufacturer's suggested retail price.
(True/False)
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In which antitrust case did the Supreme Court begin to apply the per se rule to determine whether a firm was in violation of the Sherman Antitrust Act?
(Multiple Choice)
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Interlocking directorates are illegal under the Clayton Act only when their effect is to lessen competition substantially.
(True/False)
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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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Which of the following antitrust laws broadened the list of illegal price discrimination practices and is often called the "Chain Store Act"?
(Multiple Choice)
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The Interstate Commerce Commission (ICC) was established in 1887 to regulate:
(Multiple Choice)
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Which act of Congress extended the government's authority to block horizontal and vertical mergers?
(Multiple Choice)
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The rule of reason would have not found a well-behaved, but gigantic, firm to be in violation of the antitrust laws.
(True/False)
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Exhibit 13-1 Cable television monopolist
-As shown in Exhibit 13-1, regulators might follow a marginal cost pricing strategy and require the cable television monopolist to operate at point:

(Multiple Choice)
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A local cable company has its rates set at P = $15 by a regulatory commission. Its current output is 10,000 households and its costs are as follows: ATC = $17; AVC = $14; and MC = $15. From this, we can tell that this is:
(Multiple Choice)
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The Clayton Act allowed board members of one corporation to sit on the board of a competing firm as long as inside information was not transmitted.
(True/False)
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Which of the following would be illegal under the Robinson-Patman Act?
(Multiple Choice)
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Which of the following was not illegal under the original Clayton Act?
(Multiple Choice)
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The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the:
(Multiple Choice)
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Which of the following mergers would result from the purchase of a computer chip company by IBM?
(Multiple Choice)
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