Question 1

Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law​

Accepted Answer

A)  ​if the anticompetitive effects outweigh the competitive benefits. 
B)  ​if the competitive benefits outweigh the anticompetitive effects. 
C)  ​under any circumstances. 
D)  ​under no circumstances. 
A)  ​if the anticompetitive effects outweigh the competitive benefits. 
B)  ​if the competitive benefits outweigh the anticompetitive effects. 
C)  ​under any circumstances. 
D)  ​under no circumstances.

Question 2

Unilateral conduct can result in a violation of antitrust law.

Accepted Answer

A) True 
 B)False

Question 3

Predatory pricing involves selling a product at prices substantially above the fair market value.

Accepted Answer

A) True 
 B)False

Question 4

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at​

Accepted Answer

A)  ​the price of a share of DrillBits' stock. 
B)  ​DrillBits' size alone. 
C)  ​DrillBits' production methods and marketing techniques. 
D)  ​the relevant market. 
A)  ​the price of a share of DrillBits' stock. 
B)  ​DrillBits' size alone. 
C)  ​DrillBits' production methods and marketing techniques. 
D)  ​the relevant market.

Question 5

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

Accepted Answer

A)  ​price-fixing. 
B)  ​smart marketing. 
C)  ​predatory pricing. 
D)  ​price discrimination. 
A)  ​price-fixing. 
B)  ​smart marketing. 
C)  ​predatory pricing. 
D)  ​price discrimination.

Question 6

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

Accepted Answer

A)  ​an exclusive-dealing contract. 
B)  ​a territorial restriction. 
C)  ​attempted monopolization. 
D)  ​a unilateral refusal to deal. 
A)  ​an exclusive-dealing contract. 
B)  ​a territorial restriction. 
C)  ​attempted monopolization. 
D)  ​a unilateral refusal to deal.

Question 7

Market power is the ability of a firm to enter a given market.

Accepted Answer

A) True 
 B)False

Question 8

The purpose of antitrust legislation is to prevent competition.

Accepted Answer

A) True 
 B)False

Question 9

Size alone determines whether a firm is a monopoly.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is​

Accepted Answer

A)  ​"an unfair or deceptive act or practice." 
B)  ​a per se violation. 
C)  ​not a violation. 
D)  ​subject to analysis under the rule of reason. 
A)  ​"an unfair or deceptive act or practice." 
B)  ​a per se violation. 
C)  ​not a violation. 
D)  ​subject to analysis under the rule of reason.

Question 12

For products that are sold nationwide, the relevant geographic market is the entire globe.

Accepted Answer

A) True 
 B)False

Exam 26: Antitrust Law

Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law​

Unilateral conduct can result in a violation of antitrust law.

Predatory pricing involves selling a product at prices substantially above the fair market value.

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at​

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

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

Market power is the ability of a firm to enter a given market.

The purpose of antitrust legislation is to prevent competition.

Size alone determines whether a firm is a monopoly.

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

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is​

For products that are sold nationwide, the relevant geographic market is the entire globe.

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Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at

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

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

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is