Exam 46: Antitrust Law
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Exam 46: Antitrust Law84 Questions
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Press Corporation, a disk manufacturer, sells its DVDs in certain quan?ti?ties to Quik Shows, a retailer, for $275 but charges Right Stuff, a com?peti?tive re?tailer, $350. This is most likely a violation of
(Multiple Choice)
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Under what circumstances would Mom's Tools & Hardware, a small store in the middle of Nowhere, a small, isolated town, be considered a mo?nopoly? If Mom's is a monopoly, is it in violation of antitrust law?
(Essay)
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Midwest Agri-Products Corporation offers to sell its sugar substitute to Nice Candies, Inc., only if Nice Candies agrees to buy all the corn it needs from Midwest Agri-Products, even though there are other corn sellers from whom Nice Candies could buy. This is
(Multiple Choice)
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International Software, Inc., conditions the sale of one of its products on Nationwide Office System's agreeing to buy another of International's products. This deal is
(Multiple Choice)
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A market division by class of customer between rival firms is a viola?tion of antitrust law.
(True/False)
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The United 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 group boycott is
(Multiple Choice)
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A market in which there is more than one seller, even if only a limited number, cannot be a monopoly.
(True/False)
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Tasty Eatin' Corporation merges with Hasty Burgers, Inc. This merger between firms that compete with each other in the same market is
(Multiple Choice)
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An antitrust action is brought against Tri-State Transport Company, al?leging the offense of attempted monopolization. To be guilty of this of?fense, Tri-State's attempt must have
(Multiple Choice)
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No person may be a director for two or more competing corporations at the same time.
(True/False)
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Under an exclusive-dealing contract, a seller promises a buyer a certain territory in which the buyer will have no direct competition.
(True/False)
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Cardio, Inc., makes and sells Drawdown, the most prescribed name-brand heart medication. Emitate Corporation has the potential to make a generic version of the same drug. Cardio pays Emitate not to sell its product. This is most likely
(Multiple Choice)
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Mango Corporation believes that Melon Corporation engages in anticom?peti?tive behavior in an attempt to drive Mango and its other competitors out of the market. Antitrust laws can be enforced against Melon by
(Multiple Choice)
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Persons in foreign nations cannot be subject to U.S. antitrust law.
(True/False)
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Helio Company can process hydrogen into an inexpensive fuel for internal combustion engines. As an innovator in its market, Helio currently has the power to affect the price of its product. This is
(Multiple Choice)
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A divestiture is an order to a company to cease, or divest itself of, its an?ticompetitive conduct.
(True/False)
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A geographical market division between rival firms is not a violation of antitrust laws.
(True/False)
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To violate antitrust law, an attempt to monopolize a market must be intended to exclude competition and garner monopoly power.
(True/False)
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Rally Speedboat Corporation refuses to sell its products to Super Weekends, Inc., a recreational water products dealership. This is
(Multiple Choice)
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Enterprising Business Corporation may be engaging in conduct that vio?lates the Sherman Act. To bring an action against the firm requires that its conduct have a sig?nificant impact on
(Multiple Choice)
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