Exam 16: Regulating Competitionantitrust Laws

The University of Kay and Kaytech University are bitter cross-town rivals.They compete in everything from sports to academics.Due to decreasing enrollment,the schools make an agreement to give all incoming students free tuition for one semester before raising the existing rates the following semester.This action is most likely to be considered a

Conduct directed at price stabilization is per se anticompetitive.

Briefly explain the legal sanction recognized by the Sherman Act as amended by the Clayton Act that allows violations to be enjoined by the courts.

A ______ is one between a manufacturer and a dealer,which assigns the dealer an exclusive territory,and the manufacturer agrees not to sell to other dealers in that territory in exchange for an agreement by the dealer that it will not operate outside the area assigned.

What are the two categories of analysis used to analyze potential violations of the Sherman Act? How do they work?

Crimes under the Sherman Act are felonies.

A(n)______ is one in which the businesses involved neither compete nor are related as customer and supplier in any given line of commerce.

What must a plaintiff prove in a case concerning an attempt to monopolize?

The Federal Trade Commission is an independent administrative agency charged with eliminating competition through the enforcement of the Sherman Act.

It is legal for small competitors to engage in price fixing to allow them to compete with larger competitors.

What is horizontal price fixing? What are some of the unacceptable defenses for horizontal price fixing?

Which of the following is a violation of the Sherman Act?

What is the Noerr-Pennington doctrine? What is the Parker v.Baker doctrine based on?

The cable operators in North Bedford agreed to divide the market among themselves with each operator assigned a specific region in the city.Briefly discuss the legality of this agreement in the context of the Sherman Act.

The Clayton Act is general in its terms and does not specifically set forth every act that would constitute a violation of the law.

The goal of the Sherman Act is to eliminate competition.

When is the existence of a monopoly lawful?

The Department of Justice alone has the power to bring criminal proceedings,but it shares its civil enforcement powers with the ______.

Which of the following statements is true of the good-faith meeting-of-competition defense as permitted by the Robinson-Patman amendment?

Which of the following statements is true of concerted activities?