Exam 46: Antitrust Law and Unfair Trade Practices

A relevant market is characterized by the presence of ________.

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

Treble damages cannot be sought by the government for the violation of antitrust laws.

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.

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

States lack the power to enact antitrust statutes autonomously.

Antitrust defendants often opt to settle government-brought antitrust actions by entering a plea of nolo contendere.

________ is a restraint of trade in which a seller refuses to sell one product to a customer unless the customer agrees to purchase a second product from the seller.