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Exam 42: Antitrust

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Question 31

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Section 2 of the Sherman Act prohibits contracts, combinations, and conspiracies that restrain trade.

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Question 32

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Any violation of Section 2 of the Sherman Act constituting a conspiracy to monopolize would also constitute a violation of Section 1.

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Question 33

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Some group boycotts are illegal per se while others are subject to the rule of reason.

In 1992 Horizontal Merger Guidelines were jointly issued by the Justice Department and the Federal Trade Commission.

The Leegin Creative Leather Products, Inc.v.PSKS, Inc.case held that:

What are the major functions of the Federal Trade Commission (FTC) and what power does the FTC have?

Margaret tells the members of the Raleigh Association of Restaurant Owners that they will be able to get a better price on linen supplies (tablecloths, napkins) if they will deal with one supplier rather than split their business between two.They all know Margaret deals with Niagara Linen rather than Cayuga.Under the Sherman Act, if they all sign contracts with Niagara:

Like the Sherman Act, Section 3 of the Clayton Act applies only to practices involving commodities, not to those that involve services, intangibles, or land.

In enacting Section 2 of the Clayton Act, Congress was concerned with sellers who sought to harm or eliminate their competitors through:

Sarreno Cheese Co.supplies mozzarella cheese to pizza restaurants at $1.70 per pound.In order to snare the business of one large pizza chain, Sarreno offers to sell them cheese at $1.45 per pound.This will violate the Robinson-Patman Act unless:

The manufacturer of Rubberware agrees to sell the distributor 1,000 boxes of 2-quart bowls only if he agrees to resell to the retailer at cost plus $1.10 per bowl and the retailer must agree to sell at no less than his cost plus.50 per bowl.This is:

Regarding Section 2 of the Sherman Act, the standard test applied by the courts requires proof of a specific intent to monopolize plus a dangerous probability of success; however, this test neither defines "intent" nor gives a standard of power by which to measure "success."

The common law traditionally:

The Clayton Act deals with which of the following situations?

Mitch Matthews at M&M Furniture Co.had an argument with the Selphi Sofa representative, so he decided that M&M  would boycott Selphi .Under the Sherman Act, this is:

To determine "market share" requires knowledge of which of the following?

Creativ-Design, Inc.has 68% of the market share in a particular geographic region for one of its products.Does Creativ-Design have a monopoly? Explain.

The main goal of antitrust regulation is to prevent competitive behavior among firms.

If a seller of a product conditions its sale upon the buyer's purchasing a second product from the seller, this is known as a:

A restraint involving collaboration among competitors at the same level in the chain of distribution is: