Exam 49: Antitrust: the Sherman Act

Federal antitrust laws have been extensively applied to activities affecting the international commerce of the United States.

To prove a violation of monopoly under the Sherman Act,the offending person or company must have done what?

In United States v.Microsoft Corp. ,the court held that Microsoft held a ________ percent share of the worldwide market for Intel-compatible personal computer operating systems.

Under Section 1 of the Sherman Act,a corporation's employees can be guilty of a conspiracy provided that they conspire with:

If a plaintiff proves that it has suffered a direct injury by another company in violation of the Sherman Act,it is entitled to recover:

In the famous Du Pont cellophane case,the Supreme Court ruled that even though Du Pont had a 75 percent market share in cellophane,it did not have monopoly power in cellophane,because:

In United States v.Colgate & Co.(1919),the Supreme Court:

Chicago School advocates point out that concentration in a particular industry does not necessarily preclude:

Which of the following statements is true about indirect purchasers?

Hardware retailers Deuce Hardware Co.and Trueblue Hardware Corp.agreed to a schedule of maximum prices that they will pay to hardware wholesalers with whom they deal.What is the most likely stance that the Supreme Court will take under these circumstances?

Which of the following terms is a legal requirement that anyone seeking to challenge a particular action in court must demonstrate that such action substantially affects his or her legitimate interests before he or she will be entitled to bring suit?

Horizontal price-fixing is not covered under antitrust legislation and is lawful.

Once firms have attained monopoly power,only then can they be held for violation of Section 2 of the Sherman Act.

Tying agreements may be challenged under both:

Which of the following situations is most likely to trigger liability for a vertical boycott under Section 1 of the Sherman Act?

Which of the following is an injunctive power used by the courts to remedy civil antitrust violations in extreme cases?

After Khan (State Oil Co.v.Khan (1997))and Leegin (Leegin Creative Leather Products v.PSKS,Inc.(2007)),all forms of vertical price-fixing now receive ________ analysis.

To be liable for monopolization,a defendant must:

Market shares in excess of ________ have historically justified an inference of monopoly power.

Some courts have recognized that tying agreements sometimes may be necessary to protect the reputation of the seller's product line.