Exam 22: Antitrust Law and Unfair Trade Practices

________ damages are the only damages that may be recovered for violations of the Federal Trade Commission (FTC)Act.

The per se rule is applicable to restraints of trade that are considered inherently anticompetitive.

Group boycotts can be either a per se violation or rule of reason violation.

Which of the following is an example of a horizontal restraint of trade?

________ are vertical trade restraints that involve the seller's refusal to sell a product,the tying item,to a customer unless the customer purchases a second product.

Vertical mergers create an increase in market share because the merging firms serve similar markets.

Which of the following is a defense to a charge of monopoly?

Contracts,combinations,and conspiracies in restraint of trade are outlawed by Section 1 of the ________ Act.

According to the failing company doctrine,two or more smaller companies are allowed to merge to compete with a larger company even if they are highly profitable as smaller companies.

Division of markets is considered to be a type of horizontal restraint of trade.

Government enforcement of federal antitrust laws is divided between the Antitrust Division of the Department of Justice and the Bureau of Competition of the Federal Trade Commission.

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

The ________ Act is a federal statute,enacted in 1930,that prohibits price discrimination.

Under the ________,the court must examine the pro- and anticompetitive effects of a challenged restraint.

The two tests the U.S.Supreme Court has developed for determining the lawfulness of a restraint are the rule of reason and the ________.

The ________ 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.

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

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.

________ is an antitrust principle which says that two or more persons can petition the executive,legislative,or judicial branch of the government or administrative agencies to enact laws or take other action without violating antitrust laws.

Which of the following is an example of a vertical restraint of trade?