Exam 46: Antitrust Law and Unfair Trade Practices

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

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

The ________ is a rule that is applicable to restraints of trade considered inherently anticompetitive.

________ is a restraint of trade in which competitors agree that each will serve only a designated portion of the market.

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

Which of the following is true with regard to price fixing?

________ 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 businesses and activities enjoys an implied exemption from antitrust laws?

Natural monopolies are found to violate Section 2 of the Sherman Act.

________ is seen when an independent choice is made by one party not to deal with another party.

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.

Competitors who agree that each will serve only a designated portion of the market are deemed to be engaging in a group boycott.

A merger between two or more companies that compete in the same business and geographical market is known as ________.

It is necessary to prove actual injury in order for a plaintiff to recover damages in a price discrimination lawsuit.

The Federal Trade Commission and the Department of Justice share the power to enforce the FTC Act.

The antitrust laws were enacted to promote anticompetitive behavior in commerce and industry.

A(n) ________ is a type of plea where the defendant pays a penalty without admission of guilt.

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

Government enforcement of antitrust laws is divided between the ________ and the ________.

Airlines enjoy a state action exemption from antitrust laws.