Exam 42: Antitrust Law

Section 2 of the Sherman Act condemns monopolization.

Net Access Inc. wants to merge with Open Source Corporation. Under the Clayton Act, the merger is

Any threat of monopolization is condemned as a violation of antitrust law.

There are no legislative or constitutional limitations on antitrust enforcement.

A firm may have monopoly power even though it is not the only seller in a market.

Exempt from antitrust laws are

Foreign individuals cannot be sued for violations of U.S. antitrust law.

Antitrust legislation is based on a desire to limit competition.

Four grocery stores account for 80 percent of the retail food sales in Metro City. Two of the stores want to merge. In determining whether the merger violates the Clayton Act, the most crucial factor is

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

Pump Makers Inc. makes pumps for fire trucks and conditions sales of its products to Quality Motors Corporation-a maker of fire trucks-on Quality's agreement to buy pumps only from Pump Makers. This is most likely

A private party can sue for damages and fees if the party is injured as a result of a violation of any of the federal antitrust laws.