Exam 20: Antitrust Law

Which of the following is an antitrust statute:

Merger guidelines were created by the Department of Justice and the FTC to:

Fact Pattern 20-2 Vysion produces TVs it sells nationwide. Vysion contracted with Karol's Appliances to make it the exclusive distributor of Vysion TVs in the San Diego area. Karol's received a promise that Vysion would not sell its TVs to any other retailer within 20 miles of Karol's. In its San Diego stores, Karol's has a unique pricing policy. A higher price is charged to customers wearing suits than to customers not wearing suits. Karol's salespeople give non-suit-wearing customers 10% discounts off of the list price, and refuse any discounts to suit-wearing customers. Don's, a rival of Karol's, asked Vysion to allow it to sell its products in San Diego. Vysion refused, pointing to its contract with Karol's. Vysion's distribution policy differs in New York from what it is in California. In New York, Vysion allows every distributor who asks to sell Vysion TVs. However, Vysion requires that New York retailers sign contracts stating that they agree not to sell Vysion products below prices in a monthly "price list" sent by Vysion. In contracts with its distributors nationwide, Vysion insists that sales of its TVs be tied to sales of its VCRs. No consumer is allowed to purchase a Vysion TV without also buying a Vysion VCR. -Refer to Fact Pattern 20-2. The relationship between Vysion and Karol's Appliances could be characterized as a:

An agreement among businesses at the same level of industry to fix prices is:

Trade arrangements governing the relationships in the different states of production, distribution and sale of the same product are:

In U.S. v. Trenton Potteries, a group of sanitary potters successfully argued that reasonable price-fixing agreements were legal.

Defenses for firms charged with Robinson-Patman Act violations include:

Unpopularity of large businesses helped lead to passage of the ____ in 1890.

The Sherman Act was passed in response to the general unpopularity of government agencies.

Which of the following actions at an industry convention could be a violation of antitrust law:

The Robinson-Patman Act concerns:

A company that attempts to grab a larger market share by doing more functions internally, such as taking direct control of its manufacturing or retailing:

The FTC Act restricted the enforcement of certain sections of the Sherman Act.

Which of the following is a provision of the Sherman Act:

The Clayton Act, the Sherman Act and the Federal Trade Commission Act are all examples of:

The Export Trading Company Act:

In Standard Oil v. U.S., the Supreme Court determined that the combination of companies in the Standard Oil Trust reflected an efficient arrangement that benefitted consumers and found no Sherman Act violations.

A(n) ____ means that that certain business agreements or activities will automatically be held to be illegal if found to exist.

The Parker doctrine holds that lobbying members of the legislature to seek special favors for a competitor does not violate the antitrust laws.

A territorial restrictions, such as Pepsi telling its bottlers where they can sell and deliver Pepsi, is per se illegal under the Clayton Act.