Exam 38: Antitrust Law and Promoting Competition

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

Section 1 of the Sherman Act condemns monopolization.

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

The Sherman Act is an example of legislation designed to curb anticompetitive business practices.

Congress enacts a statute to outlaw a specific type of anti competitive business agreement. Like other laws that regulate economic competition,this law is referred to as

A firm is not a monopolist unless it is the sole seller in a market.

When a small number of companies share a large part of a market,the market is concentrated.

A group boycott that is intended to eliminate competition is legal.

A market division by class of customer between rival firms does not violate antitrust law.

Clear View Corporation offers to sell its flat-panel display monitors to Best Computer & Video,Inc.,only if Best agrees to buy Clear View's servicing of its products along with the monitors. This is

Soft Drink Corporation is charged with violating the Sherman Act through conduct subject to the rule of reason. When applying the rule of reason in this situation,a court will not consider

Pads & Pods Corporation requires all distributors of its products to sell the products at specified minimum prices. This resale price maintenance agreement is

To acquire monopoly power in its market,Global Condiments,Inc.,sets its prices substantially below the normal costs of production. Under antitrust law,this is

Earth grown Flora,Inc.,is one of many producers of cut flowers. Earthgrown refuses to sell its products to Florist Shops Corporation. Under anti trust law,this refusal is most likely

It is in society's interest to condemn every firm that acquires a position of power.

Frictionless Lubricant Corporation and Grease Inc. are the principal suppliers of their product in their market. They agree that Frictionless will sell exclusively to retailers and Grease will sell exclusively to wholesalers. Under anti trust law,this market division is most likely

To drive its competitors out of a certain geographic segment of its market,Drone Drives,Inc.,sets the prices of its products below cost for the buyers in that area. This is

Labor unions can organize and bargain without violating anti trust law.

Dredgers,Inc.,is the major wholesale distributor of heavy equipment in the state of Georgia. Its closest competitor is Excavators Company,another Georgia firm. The two firms agree that Excavators will operate in southern Georgia and Dredgers will operate in northern Georgia. This is

Gaucho Ranchland Supplies Corporation believes that Vaquero Stock & Equipment Corporation engages in anti competitive behavior in an attempt to drive Gaucho,its chief competitor,out of the market. Anti trust laws can be enforced against Vaquero by