Exam 50: The Clayton Act, the Robinsonpatman Act, and Antitrust Exemptions and Immunities

Mel owns Melco,Inc. ,which manufactures toys.She provides a functional discount to Carol,a wholesaler of toys.Carol then passes on her discount to Nina,who owns Funland,a toy store.Nina is then able to offer lower prices to toy purchasers.Under the Robinson-Patman Act,this is:

Humongous Corp. ,a conglomerate with interests in various industries,recently acquired Perfect Petrochemicals Co. ,a prominent producer of petroleum products that are used in manufacturing plastic.This acquisition was a complete surprise to Perfect's competitors,who never thought that Humongous had any desire to become involved in the petrochemical production business.Companies A and B,owned by Humongous,used plastic as a raw material.None of the companies under the Humongous umbrella made plastic,therefore A and B bought plastic from outside suppliers who used petrochemical products as raw material to make plastic.Which of the following theories is the most appropriate one for challenging the acquisition of Perfect by Humongous under Section 7 of the Clayton Act?

Initially,Section 8 of the Clayton Act prohibited any person from serving as a director of two or more competing corporations (other than banks or common carriers)if each corporation had capital,surplus,and undivided profits aggregating more than ________.

Filene's Basement filed for bankruptcy in May 2009.In November 2009,Filene's Basement started its "going-out-of-business" sale.Is this price discrimination legal?

Which of the following requires parties to a planned merger (that involves dollar values of stock or assets exceeding certain amounts)to provide advance notice to the FTC and the Justice Department?

In the case in the text,ProMedica Health System,Inc.v.Federal Trade Commission,the court held that:

In Federal Trade Commission v.Staples,Inc. ,the case in the text,the court found that:

When does a tying agreement violate Section 3 of the Clayton Act?

Which of the following is an accurate statement about vertical mergers?

The ________ exempts the joint export activities of American companies,so long as those activities do not "artificially or intentionally enhance or depress prices within the United States."