Exam 46: Antitrust Law and Unfair Trade Practices

Vertical mergers create an increase in market share because the merging firms serve different markets.

Restraints of trade that are unlawful under Section 1 of the Sherman Act if their anticompetitive effects outweigh their procompetitive effects are known as ________.

Which of the following is true of the per se rule in restraint of trade?

What is a premerger notification? Explain the process outlined by the Hart-Scott-Rodino Antitrust Improvement Act to execute a merger.

Which of the following is a defense to a charge of monopoly?

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.

Under the ________, the court must examine the pro- and anticompetitive effects of a challenged restraint.

Only price-fixing conducted by sellers is considered a violation of Section 1 of the Sherman Act.

________ 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.

________ damages are the only damages that may be recovered for violations of the FTC Act.

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

Price fixing is a ________ violation of Section 1 of the Sherman Act.

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

________ is when two or more competitors at the same level of distribution enter into a contract, combination, or conspiracy to restrain trade

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

________ are mergers between firms in totally unrelated businesses.

Which of the following horizontal restraints of trade has the element of monopoly in it?

Section 1 of the Sherman Act allows for intangible properties to be sold in tying arrangements.

Federal antitrust laws provide only for government lawsuits.

The Robinson-Patman Act is a federal statute that makes it mandatory to provide a notification prior to a merger.