Question 1

Joint refusals to deal are not subject to scrutiny under the Sherman Act.​

Accepted Answer

A) True 
 B)False

Question 2

The market-share test measures a firm's percentage share of a market.​

Accepted Answer

A) True 
 B)False

Question 3

The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parties who do not carry the products of its members. This group boycott is​

Accepted Answer

A)  ​a situation that neither restrains trade nor harms competition. 
B)  ​a legal restraint of trade. 
C)  ​a per se violation of antitrust law. 
D)  ​subject to analysis under the rule of reason. 
A)  ​a situation that neither restrains trade nor harms competition. 
B)  ​a legal restraint of trade. 
C)  ​a per se violation of antitrust law. 
D)  ​subject to analysis under the rule of reason.

Question 4

Precision Parts Corporation and Aligned Gears, Inc., are competitors selling certain machine parts that are otherwise generally unattainable in their geographic market. This market includes the states of Minnesota, North Dakota, and South Dakota. Precision Parts and Aligned Gears agree that Precision Parts will no longer sell in Minnesota and that Aligned Gears will no longer sell in North and South Dakota. Have Precision Parts and Aligned Gears violated any antitrust law? If so, which one? Explain. If they had divided their market by type of customer rather than geographic are, would the result be the same? Why or why not?

Accepted Answer

Precision Parts and Aligned Gears have v

Question 5

Any action challenged as an attempt to monopolize must have been specifically intended to exclude competitors and garner monopoly power.​

Accepted Answer

A) True 
 B)False

Question 6

In determining the legality of a merger, market concentration has no significance.​

Accepted Answer

A) True 
 B)False

Question 7

The primary measure of monopoly power is a competitor's assessment of the acts of a firm under review.​

Accepted Answer

A) True 
 B)False

Question 8

Earthgro, Inc., is one of many producers of cut flowers. Earthgro refuses to sell its products to Florist Shops Corporation. Under antitrust law, this refusal is most likely​

Accepted Answer

A)  ​a per se violation. 
B)  a violation if its competitors make similar deals.​ 
C)  ​a violation if it thereby acquires monopoly power. 
D)  ​not a violation. 
A)  ​a per se violation. 
B)  a violation if its competitors make similar deals.​ 
C)  ​a violation if it thereby acquires monopoly power. 
D)  ​not a violation.

Question 9

Size alone determines whether a firm is a monopoly.​

Accepted Answer

A) True 
 B)False

Question 10

HVAC Parts Company charges different buyers different prices for identical goods. HVAC's prices are subject to evaluation under​

Accepted Answer

A)  ​the Clayton Act. 
B)  ​the Federal Trade Commission Act. 
C)  ​the Sherman Act. 
D)  ​no antitrust law. 
A)  ​the Clayton Act. 
B)  ​the Federal Trade Commission Act. 
C)  ​the Sherman Act. 
D)  ​no antitrust law.

Question 11

Unilateral conduct can result in a violation of antitrust law.​

Accepted Answer

A) True 
 B)False

Question 12

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is​

Accepted Answer

A)  ​"an unfair or deceptive act or practice." 
B)  ​a per se violation. 
C)  ​not a violation. 
D)  ​subject to analysis under the rule of reason. 
A)  ​"an unfair or deceptive act or practice." 
B)  ​a per se violation. 
C)  ​not a violation. 
D)  ​subject to analysis under the rule of reason.

Exam 46: Antitrust Law

Joint refusals to deal are not subject to scrutiny under the Sherman Act.​

The market-share test measures a firm's percentage share of a market.​

The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parties who do not carry the products of its members. This group boycott is​

Any action challenged as an attempt to monopolize must have been specifically intended to exclude competitors and garner monopoly power.​

In determining the legality of a merger, market concentration has no significance.​

The primary measure of monopoly power is a competitor's assessment of the acts of a firm under review.​

Earthgro, Inc., is one of many producers of cut flowers. Earthgro refuses to sell its products to Florist Shops Corporation. Under antitrust law, this refusal is most likely​

Size alone determines whether a firm is a monopoly.​

HVAC Parts Company charges different buyers different prices for identical goods. HVAC's prices are subject to evaluation under​

Unilateral conduct can result in a violation of antitrust law.​

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is​

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Filters

Joint refusals to deal are not subject to scrutiny under the Sherman Act.

The market-share test measures a firm's percentage share of a market.

The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parties who do not carry the products of its members. This group boycott is

Any action challenged as an attempt to monopolize must have been specifically intended to exclude competitors and garner monopoly power.

In determining the legality of a merger, market concentration has no significance.

The primary measure of monopoly power is a competitor's assessment of the acts of a firm under review.

Earthgro, Inc., is one of many producers of cut flowers. Earthgro refuses to sell its products to Florist Shops Corporation. Under antitrust law, this refusal is most likely

Size alone determines whether a firm is a monopoly.

HVAC Parts Company charges different buyers different prices for identical goods. HVAC's prices are subject to evaluation under

Unilateral conduct can result in a violation of antitrust law.

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is