Exam 16: Regulating Competitionantitrust Laws

Bosh,an American corporation,acquires and merges with KnightD,a Belgian corporation,in a multibillion-dollar merger.Bosh,prior to the merger,sold beer only in the United States.After the merger,Bosh sells beer to most of the EU countries.The merger between Bosh and KnightD is an example of a ______.

The use of ethical standards to avoid restrictions on price fixing is

In a(n)______,a buyer agrees to purchase all of its needs of a given contract from a seller during a certain period of time.

The ______,announced by the Supreme Court in Standard Oil Co.v.United States,holds that contracts or conspiracies in restraint of trade are illegal only if they constituted undue or unreasonable restraints of trade and that only unreasonable attempts to monopolize are covered by the Sherman Act.

What led to the enactment of the Robinson-Patman amendment to the Clayton Act?

Tying arrangements do not violate the Sherman Act.

The ______ that permits price differentials based on differences in the cost of manufacture,sale,or delivery of commodities is recognized by the Robinson-Patman amendment.

______ takes place when a seller sells at unreasonably low prices to drive out a competitor.

Any property owned in violation of Section 1 of the Sherman Act that is being transported from one state to another is subject to a seizure by and forfeiture to the United States.

Only the federal government plays a role in the enforcement of antitrust laws.

The mere exchange of price information among competitors is likely to constitute a Sherman Act violation.

The ______ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.

The burden of proof to enjoin an activity is greater than the burden of proof to convict someone of a crime.

Which of the following statements is true of the role of state governments in enforcement of antitrust laws?

Joshua owns orange groves.He enters into a contract with the local food processing plant,Gram Corp.,which stipulates that he will sell oranges only to Gram.In this scenario,the contract between Joshua and Gram Corp.is known as a(n)______.