Exam 23: Antitrust Law and Promoting Competition

Refer to Fact Pattern 23-1.A court would most likely rule that the agreement between Cardio and Emitate is

Refer to Fact Pattern 23-1.Cardio pays Emitate not to sell its product.This is

No person may be a director for two competing corporations at the same time.

Luminescent Silicon Corporation,which controls 40 percent of the computer-chip market in the United States,merges with Micro Processors,Inc.,which controls 15 percent of the same market.This merger is

Excel Corporation conditions shipments of its products to Federated Stores,Inc.,on Federated's agreement not to buy products from Great Goods Company,Excel's competitor.This is

Cooperative research by small-business firms is exempt from antitrust law.

A joint refusal to deal with a particular person or firm is always a violation of antitrust law.

Listen Up! Corporation books and promotes concerts and other entertainment events,for which Listen Up! also sells tickets.In weighing a challenge to Listen Up!'s "monopolistic" ticket prices,a court looks at the relevant geographic market.This encompasses

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

Edgy Engine Components,Inc.,a maker of vehicle parts,refuses to sell to Fidgety Fix-It,Inc.,a national vehicle service firm.Edgy Engine convinces Greasy Motor Parts Company,a competitor,to do the same.This is

A firm that is attempting to meet the competition's price may have a defense to liability for price discrimination.

A trade association practice or agreement that restrains trade is analyzed under the rule of reasons.

The basic purpose of antitrust law is to regulate economic competition.

To violate antitrust law,an attempt to monopolize a market must be intended to exclude competition and garner monopoly power.

In determining the legality of a merger,a crucial consideration is market concentration.

The Association of Software Makers,which does not include all software producers,refuses to deal with any parties who do not carry the products of its members.Under the Sherman Act,this is

Monopoly power is an extreme amount of market power.

A price-fixing agreement that is reasonable does not violate antitrust law.

Global Services Corporation engages in trade practices that may violate antitrust law.The Federal Trade Commission has the power to act against unfair trade practices under

An antitrust action is brought against Tri-State Transport Company,alleging the offense of attempted monopolization.To be guilty of this offense,Tri-State's attempt must have