Question 1

Despite the differences in antitrust laws among nations the substances of competition law is similar.

Accepted Answer

A) True 
 B)False

Question 2

Antitrust law in _________ poses the possibility of criminal liability, but this is not possible in ______.

Accepted Answer

A)  the United States; Europe 
B)  the United States; China 
C)  China; the United States 
D)  Europe; Japan 
A)  the United States; Europe 
B)  the United States; China 
C)  China; the United States 
D)  Europe; Japan

Question 3

Compare and contrast the EU implementation within the community test with the U.S. effects test.

Accepted Answer

The EU implementation within the communi

Question 4

The analytical framework established by American antitrust law distinguishes between actions that are wrong per se and actions to which the rule of reason applies.

Accepted Answer

A) True 
 B)False

Question 5

The European Parliament has criticized the European Commission for its flexible approach in the granting of block exemptions from normal competition rules for vertical agreements.

Accepted Answer

A) True 
 B)False

Question 6

Compare and contrast the approaches of the EU and the U.S. with regard to IPR issues (patents, know-how transfer agreements).

Accepted Answer

The European Union (EU) and the United S

Question 7

"Blocking Legislation" in international antitrust action refers to:

Accepted Answer

A)  laws that block certain goods from entering a country. 
B)  provisions that prevent the discovery of documents by foreign countries and bar enforcement. 
C)  setting aside certain blocks of businesses exempt from antitrust laws. 
D)  none of the above. 
A)  laws that block certain goods from entering a country. 
B)  provisions that prevent the discovery of documents by foreign countries and bar enforcement. 
C)  setting aside certain blocks of businesses exempt from antitrust laws. 
D)  none of the above.

Question 8

The Europeans view the monopoly in a patent as a danger to competition that should be minimized as much as possible.

Accepted Answer

A) True 
 B)False

Question 9

During the 1980s, the U.S. Justice Department took the offensive and aggressively enforced American antitrust laws in order to signal to the business community that any transactions that in violation of antitrust laws would be prosecuted.

Accepted Answer

A) True 
 B)False

Question 10

A clawback provision allows a foreign company to sue in their own country to recover against local American assets all or part of an antitrust judgment rendered in the U.S.

Accepted Answer

A) True 
 B)False

Question 11

When evaluating the effect of a merger, the European Union seeks to determine:

Accepted Answer

A)  the impact of the merger by totaling the total number of competitors left. 
B)  amount of capital invested in the combined companies in relation to the remaining competitors. 
C)  the compatibility of the merger with the common market, which is presumed if market share will not exceed 25 percent. 
D)  none of the above. 
A)  the impact of the merger by totaling the total number of competitors left. 
B)  amount of capital invested in the combined companies in relation to the remaining competitors. 
C)  the compatibility of the merger with the common market, which is presumed if market share will not exceed 25 percent. 
D)  none of the above.

Question 12

The European Union regulation that deals with "A concentration which creates or strengthens a dominant position...(impeding) competition...in the common market..." is:

Accepted Answer

A)  EU Antitrust Act. 
B)  EU Workers Regulation. 
C)  EU Unfair Trade Regulation. 
D)  EU Merger Regulation. 
A)  EU Antitrust Act. 
B)  EU Workers Regulation. 
C)  EU Unfair Trade Regulation. 
D)  EU Merger Regulation.

Question 13

The antitrust laws of the European countries developed much earlier and were the model for the antitrust legislation in the United States.

Accepted Answer

A) True 
 B)False

Question 14

The European Court of Justice has issued a decision giving franchisor-franchisees great flexibility in structuring.

Accepted Answer

A) True 
 B)False

Question 15

Because The Sherman Act is a U.S. statutory law, it cannot be used to regulate or bring an action against a foreign company.

Accepted Answer

A) True 
 B)False

Question 16

The European Union and foreign nations have begun a spirited effort to beef up their competition laws.

Accepted Answer

A) True 
 B)False

Question 17

Under the EU merger regulations, preapproval is not needed under which of the following conditions?

Accepted Answer

A)  Where a non-EU firm is involved in the merger. 
B)  Where the firms are involved in agricultural trade. 
C)  Where the merger falls under a de minimis exception or has the benefit of a block exception. 
D)  All of the above. 
A)  Where a non-EU firm is involved in the merger. 
B)  Where the firms are involved in agricultural trade. 
C)  Where the merger falls under a de minimis exception or has the benefit of a block exception. 
D)  All of the above.

Question 18

The U.S. takes the position that a patent monopoly is essential to protect the patent holder and encourage innovation.

Accepted Answer

A) True 
 B)False

Question 19

Under U.S. antitrust law:
I. Most actions are brought by private individuals.
II. Successful litigants can collect treble damages.

Accepted Answer

A)  I only. 
B)  II only. 
C)  Both I and II. 
D)  Neither I nor II. 
A)  I only. 
B)  II only. 
C)  Both I and II. 
D)  Neither I nor II.

Question 20

The substance of many countries' antitrust law is very similar in focusing on two types of activity. The two types of activities are:

Accepted Answer

A)  prohibitions against price cutting and resale price agreements. 
B)  prohibitions against agreements attempting to restrict competition and the abuse of a dominant market position. 
C)  prohibitions against economizing to achieve greater market share and lack of marginal return. 
D)  both A and B. 
A)  prohibitions against price cutting and resale price agreements. 
B)  prohibitions against agreements attempting to restrict competition and the abuse of a dominant market position. 
C)  prohibitions against economizing to achieve greater market share and lack of marginal return. 
D)  both A and B.

Exam 21: Regulating the Competitive Environment

Despite the differences in antitrust laws among nations the substances of competition law is similar.

Antitrust law in _________ poses the possibility of criminal liability, but this is not possible in ______.

Compare and contrast the EU implementation within the community test with the U.S. effects test.

The analytical framework established by American antitrust law distinguishes between actions that are wrong per se and actions to which the rule of reason applies.

The European Parliament has criticized the European Commission for its flexible approach in the granting of block exemptions from normal competition rules for vertical agreements.

Compare and contrast the approaches of the EU and the U.S. with regard to IPR issues (patents, know-how transfer agreements).

"Blocking Legislation" in international antitrust action refers to:

The Europeans view the monopoly in a patent as a danger to competition that should be minimized as much as possible.

During the 1980s, the U.S. Justice Department took the offensive and aggressively enforced American antitrust laws in order to signal to the business community that any transactions that in violation of antitrust laws would be prosecuted.

A clawback provision allows a foreign company to sue in their own country to recover against local American assets all or part of an antitrust judgment rendered in the U.S.

When evaluating the effect of a merger, the European Union seeks to determine:

The European Union regulation that deals with "A concentration which creates or strengthens a dominant position...(impeding) competition...in the common market..." is:

The antitrust laws of the European countries developed much earlier and were the model for the antitrust legislation in the United States.

The European Court of Justice has issued a decision giving franchisor-franchisees great flexibility in structuring.

Because The Sherman Act is a U.S. statutory law, it cannot be used to regulate or bring an action against a foreign company.

The European Union and foreign nations have begun a spirited effort to beef up their competition laws.

Under the EU merger regulations, preapproval is not needed under which of the following conditions?

The U.S. takes the position that a patent monopoly is essential to protect the patent holder and encourage innovation.

Under U.S. antitrust law: I. Most actions are brought by private individuals. II. Successful litigants can collect treble damages.

The substance of many countries' antitrust law is very similar in focusing on two types of activity. The two types of activities are:

Introduction to International Business

International Law and the Worlds Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of Us Trade

The World Trade Organization: Basic Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports, Customs, and Tariff Law

Regulating Exports

North American Free Trade Law

The European Union

International Marketing and Consumer Law

Protecting and Licensing Intellectual Property

The Legal Environment of Foreign Direct Investment

Employment and Immigration Law

Environmental Law

Filters

Antitrust law in ___ poses the possibility of criminal liability, but this is not possible in .