Exam 16: Regulating Competition_Antitrust Laws

Under what is commonly referred to as the Colgate doctrine, the Supreme Court recognizes that independent action by a manufacturer is a per se violation of the Sherman Act.

Private parties may bring criminal suits seeking monetary damages or injunction as a means of enforcing antitrust laws.

The Robinson-Patman amendment extends only to transactions in interstate commerce.

What is the Parker v. Brown doctrine?

Which of the following is true of the Sherman Act?

Pricing goods at a low level to discourage market entry by competitors is called:

What is the Colgate doctrine?

Mobilink Telecom Inc. deals in the manufacture of mobile handsets. Broadcom deals in the manufacturing Bluetooth personal area network hardware systems and chips. The acquisition of Mobilink Telecom Inc. by Broadcom is an example of a _____.

Which of the following doctrines exempts certain lobbying activities from the Sherman Act?

The test of reasonableness asks whether challenged contracts or acts are unreasonably restrictive of competitive conditions.

In a 1943 case known as Parker v. Brown, the Supreme Court created a _____ exemption to the Sherman Act.

How does the FTC prevent illegal business practices?

The _____, as permitted by the Robinson-Patman amendment, applies to a situation in which price changes may be made in response to events like actual or imminent deterioration of perishable goods and obsolescence of seasonal goods.

Horizontal price fixing occurs when manufacturers attempt to set the ultimate retail price for their products.

Attempts by manufacturers to control retail prices are known as _____ price fixing.

Predatory pricing was declared illegal by the:

Your school decides to expand and open a new campus in another state. Rather than acquiring land and building new buildings, the school board decides to merge with an existing school that has similar programs in the other state. The school you're merging with is a small commuter school with no dorms. 98% of its students are not only instate, but from the city the school is located in. This merger would be best described as a:

Civil enforcement powers regarding federal antitrust matters belong to:

Anheuser-Bush, an American corporation, and InBev, a Belgian corporation, finalized a multibillion-dollar merger to form the largest beer company in the world. Anheuser-Bush and InBev, prior to the merger, each sold beer in many countries around the world, including both Belgium and the United States. This merger is best described as a:

Full-line forcing is a typical form of a: