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Exam 21: Regulating the Competitive Environment

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Question 41

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The U.S.antitrust law distinguishes between actions that are:

A) per se wrong and actions to which the role of reason applies.
B) marginally wrong and actions to which the rule of reason applies.
C) partially wrong and actions to which the rule of best judgment applies.
D) good and bad.

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Question 42

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American policy tends to be more forgiving of a patent holder's restrictions than the European Commission.

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Question 43

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Draft guidelines for the application of anti-trust laws to anti-competitive practices outside of the U.S.or critique any (existing)proposed guidelines.

Antitrust laws have been enacted in all of the WTO members after World War II.

In the Hartford Fire Insurance Co.case,the U.S.Supreme Court determined that it could not assert jurisdiction over European companies in competition matters unless the companies had a direct physical presence in a U.S.state.

Under Chinese law,a merger or acquisition qualifies for review if:

The European Union regulation that deals with "A concentration which creates or strengthens a dominant position...(impeding) competition...in the common market..." is:

Article 81(3)provides for an "individual exemption" of an otherwise violation of the Article 81,if the results there are positive economics effects overall.

In recent years,Japan has brought its stance on mergers more into line with international practices by revising its Antimonopoly Act to require:

Under U.S.antitrust law,the rule of reason applies to situations where:

Weigh the benefits and detriments of the EU and U.S.rules regarding jurisdiction and forum in privately enforced competition laws.

Prohibitions against agreements that restrict competition are relevant in international business transactions.

The court that hears appeals from the EU's antitrust enforcement agency and referrals from the courts of the EU member states on competition issues is the:

"Blocking Legislation" in international antitrust action refers to:

The U.S.antitrust laws apply to the conduct of U.S.firms outside the territorial boundaries of the United States.