Exam 22: Antitrust Law and Unfair Trade Practices

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The fact that price fixing helps consumers or protects competitors from ruinous competition can be used as a valid defense against the charge of price discrimination.

(True/False)

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Question 21

A merger between two regional fruit-sellers that do not sell fruit in the same geographical area is an example of a ________.

(Multiple Choice)

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Question 22

Under ________ of the Clayton Act, any person who suffers antitrust injury in his or her business or property can bring a private civil action against the offenders.

(Short Answer)

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Question 23

If two competing manufacturers of a similar product both separately reach an independent decision not to deal with a retailer, ________ is said to have occurred, which is not a violation of Section 1 of the Sherman Act.

(Short Answer)

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Question 24

Competitors who agree that each will serve only a designated portion of the market are deemed to be engaging in a group boycott.

(True/False)

4.8/5

(78)

Question 25

Treble damages are allowed in an FTC Act violation.

(True/False)

4.8/5

(73)

Question 26

The antitrust laws were enacted to promote anticompetitive behavior in commerce and industry.

(True/False)

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Question 27

________ damages are the only damages that may be recovered for violations of the FTC Act.

(Multiple Choice)

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Question 28

A unilateral refusal to deal is a violation of Section 1 of the Sherman Act because there is a concerted action with others.

(True/False)

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Question 29

________ is a restraint of trade in which competitors agree that each will serve only a designated portion of the market.

(Multiple Choice)

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Question 30

The ________ doctrine states that a firm can unilaterally choose not to deal with another party without being liable under Section 1 of the Sherman Act.

(Short Answer)

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(70)

Question 31

________ is a defense in a Section 2(a)action which provides that a seller's price discrimination is not unlawful if the price differential is due to "differences in the cost of manufacture, sale, or delivery" of the product.

(Multiple Choice)

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(79)

Question 32

Predatory pricing has been held to violate Section 2 of the Sherman Act.

(True/False)

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(76)

Question 33

The legality of nonprice vertical restraints of trade under Section 1 of the Sherman Act is examined by using the ________.

(Short Answer)

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Question 34

Section 1 of the Sherman Act allows for intangible properties to be sold in tying arrangements.

(True/False)

4.9/5

(78)

Question 35

The ________ is a federal statute, enacted in 1914, that regulates mergers and prohibits certain exclusive dealing arrangements.

(Short Answer)

4.8/5

(78)

Question 36

The Sherman Act is the only major antitrust act that includes criminal sanctions.

(True/False)

5.0/5

(77)

Question 37

The FTC Act can be used to recover treble damages.

(True/False)

4.8/5

(87)

Question 38

What are the three statutory defenses under the Robinson-Patman Act for price discrimination?

(Essay)

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Question 39

What is a backward vertical merger?

(Multiple Choice)

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(98)

Question 40

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Exam 22: Antitrust Law and Unfair Trade Practices

The fact that price fixing helps consumers or protects competitors from ruinous competition can be used as a valid defense against the charge of price discrimination.

A merger between two regional fruit-sellers that do not sell fruit in the same geographical area is an example of a ________.

Under ________ of the Clayton Act, any person who suffers antitrust injury in his or her business or property can bring a private civil action against the offenders.

If two competing manufacturers of a similar product both separately reach an independent decision not to deal with a retailer, ________ is said to have occurred, which is not a violation of Section 1 of the Sherman Act.

Competitors who agree that each will serve only a designated portion of the market are deemed to be engaging in a group boycott.

Treble damages are allowed in an FTC Act violation.

The antitrust laws were enacted to promote anticompetitive behavior in commerce and industry.

________ damages are the only damages that may be recovered for violations of the FTC Act.

A unilateral refusal to deal is a violation of Section 1 of the Sherman Act because there is a concerted action with others.

________ is a restraint of trade in which competitors agree that each will serve only a designated portion of the market.

The ________ doctrine states that a firm can unilaterally choose not to deal with another party without being liable under Section 1 of the Sherman Act.

________ is a defense in a Section 2(a)action which provides that a seller's price discrimination is not unlawful if the price differential is due to "differences in the cost of manufacture, sale, or delivery" of the product.

Predatory pricing has been held to violate Section 2 of the Sherman Act.

The legality of nonprice vertical restraints of trade under Section 1 of the Sherman Act is examined by using the ________.

Section 1 of the Sherman Act allows for intangible properties to be sold in tying arrangements.

The ________ is a federal statute, enacted in 1914, that regulates mergers and prohibits certain exclusive dealing arrangements.

The Sherman Act is the only major antitrust act that includes criminal sanctions.

The FTC Act can be used to recover treble damages.

What are the three statutory defenses under the Robinson-Patman Act for price discrimination?

What is a backward vertical merger?

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