Exam 27: Antitrust Law

The Association of Organic Food Growers,which does not include all organic farmers and ranchers,refuses to deal with any parties who do not carry the products of its members.This group boycott is​

Domestic Oil Company joins with a foreign cartel to control the price of oil.The cartel has a substantial effect on U.S.commerce.A suit for violation of U.S.antitrust laws can be brought against​

Territorial and customer restrictions are judged under the rule of reason.

Labor unions can organize and bargain without violating antitrust law.

To prevent its competitors from obtaining sufficient supplies to make their products,Continental Steel,Inc. ,uses its market power to increase the prices of those supplies.This is​

Under an exclusive-dealing contract,a seller promises a buyer a certain territory in which the buyer will have no direct competition.

Any conspiracy-even if it occurs outside the United States-that has a substantial effect on U.S.commerce is within the reach of the Sherman Act.

Frozen Confections Corporation makes and sells ice cream under a variety of brand names.Frozen Fruit wants to merge with Grocers Iced Products Company,its main competitor.In weighing a challenge to the deal,a court looks at the relevant product market.This most likely includes ice cream and​

In determining the legality of a merger,market concentration has no significance.

Monopoly power is an extreme amount of market power.

Gas,Inc. ,and Oil Corporation refine and sell gasoline.To limit the supply of gas on the market and thereby raise prices,Gas and Oil agree to buy "excess" supplies from dealers and "dispose" of it.This is​

A contract under which a seller forbids a buyer to purchase products from the seller's competitors is a tying arrangement.

The purpose of antitrust legislation is to prevent competition.

Speedee Snoboards,Inc. ,refuses to sell its products to Timber Mountain WinterSports Stores,Inc. ,a retail snowboard dealership.This is​

Under what circumstances would Small's Market,a little store in Rustic,an isolated town,be considered a monopoly? If Small's Market is a monopoly,is it in violation of antitrust law?​

The Clayton Act prohibits price discrimination.

Precision Parts Corporation and Aligned Gears,Inc. ,are competitors selling certain machine parts that are otherwise generally unattainable in their geographic market.This market includes the states of Minnesota,North Dakota,and South Dakota.Precision Parts and Aligned Gears agree that Precision Parts will no longer sell in Minnesota and that Aligned Gears will no longer sell in North and South Dakota.Have Precision Parts and Aligned Gears violated any antitrust law? If so,which one? Explain.If they had divided their market by type of customer rather than geographic are,would the result be the same? Why or why not?

Smart Tablets,Inc. ,requires all distributors of its products to sell them at a specified minimum price.This is a violation of antitrust law​

Disc & Shoe Brakes Corporation,a brake manufacturer,sells its products to Eastside Motors,a retailer,at lower prices than it charges Fast Brake,a competitive retailer.This price discrimination is legal​

Unilateral conduct can result in a violation of antitrust law.