Question 1

Which of the following is a per se violation of Section 1 of the Sherman Act?

Accepted Answer

A)   horizontal price fixing
B)   price discrimination
C)   a unilateral refusal to deal
D)   conscious parallelismE) B) and D)
F) A) and B)

Question 2

A horizontal restraint of trade occurs when two or more competitors at different levels of distribution enter into a contract to restrain trade.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A)   Resale market price maintenance
B)   Profit-sharing
C)   Market sharing
D)   GainsharingE) B) and C)
F) A) and D)

Question 4

A merger between two regional fruit-sellers that do not sell fruit in the same geographical area is an example of a ________.

Accepted Answer

A)   market extension merger
B)   conglomerate merger
C)   horizontal merger
D)   vertical mergerE) B) and C)
F) C) and D)

Question 5

How do courts determine the line of commerce that will be affected by a merger?

Accepted Answer

Determining the line of commerce that wi...

Question 6

Which of the following is a horizontal restraint of trade?

Accepted Answer

A)   resale price maintenance
B)   division of markets
C)   unilateral refusal to deal
D)   conscious parallelismE) B) and C)
F) A) and C)

Question 7

Antitrust laws are enacted to limit anticompetitive behavior.

Accepted Answer

A) True 
 B)False

Question 8

The three largest cola manufacturers in a country agree among themselves that each one will sell the products only in certain predetermined geographical "territories." This is an example of ________.

Accepted Answer

A)   accommodation
B)   price fixing
C)   market sharing
D)   group boycottE) B) and C)
F) A) and D)

Question 9

Which of the following is true of antitrust laws?

Accepted Answer

A)   Antitrust laws are fixed and unchangeable.
B)   Each new administration adopts a different policy for enforcing antitrust laws.
C)   Federal antitrust laws provide for government lawsuits and exclude private lawsuits from their purview.
D)   Treble damages cannot be sought in antitrust lawsuits.E) B) and C)
F) B) and D)

Question 10

The rationale behind the ________ is that the right to petition the government has precedence because it is guaranteed by the Bill of Rights.

Accepted Answer

A)   failing company doctrine
B)   unfair advantage theory
C)   Noerr doctrine
D)   Colgate doctrineE) B) and C)
F) None of the above

Question 11

Favorable credit terms and freight charges are examples of indirect price discrimination that violate the Robinson-Patman Act.

Accepted Answer

A) True 
 B)False

Question 12

Under Section 3 of the Clayton Act,a tying arrangement is lawful if there is some justifiable reason for it.

Accepted Answer

A) True 
 B)False

Question 13

________ are mergers between firms in totally unrelated businesses.

Accepted Answer

A)   Market extension mergers
B)   Conglomerate mergers
C)   Horizontal mergers
D)   Forward vertical mergersE) A) and C)
F) B) and D)

Question 14

Which of the following is a vertical restraint of trade?

Accepted Answer

A)   group boycott
B)   price fixing
C)   resale price maintenance
D)   division of marketsE) C) and D)
F) B) and C)

Question 15

The ________,which was enacted in 1950,widened the scope of Section 7 of the Clayton Act to include asset acquisitions.

Accepted Answer

A)   Hart-Scott-Rodino Antitrust Improvement Act
B)   Sherman Act
C)   Celler-Kefauver Act
D)   Robinson-Patman ActE) B) and C)
F) A) and D)

Question 16

The legality of nonprice vertical restraints of trade under Section 1 of the Sherman Act is examined by applying the ________.

Accepted Answer

A)   Colgate doctrine
B)   Noerr doctrine
C)   per se rule
D)   rule of reasonE) B) and C)
F) C) and D)

Question 17

The setting of minimum resale prices is not a per se violation of Section 1 of the Sherman Act.

Accepted Answer

A) True 
 B)False

Question 18

If two or more firms act the same but no concerted action is shown,can they be held for violation for Section 1 of the Sherman Act?

Accepted Answer

Sometimes two or more firms act the same...

Question 19

Compare and contrast the two rules developed by the U.S.Supreme Court for determining the lawfulness of a restraint under Section 1 of the Sherman Act.

Accepted Answer

The rule of reason requires a balancing ...

Question 20

Which of the following is true of horizontal mergers?

Accepted Answer

A)   They do not create an increase in market share.
B)   They result in an increase in concentration of the relevant market.
C)   The merging firms serve different markets.
D)   They are mergers between firms in unrelated businesses.E) A) and C)
F) B) and D)

Exam 33: Antitrust Law and Unfair Trade Practices

Which of the following is a horizontal restraint of trade?

Correct AnswerverifiedShow Answer

The ________,which was enacted in 1950,widened the scope of Section 7 of the Clayton Act to include asset acquisitions.

Correct AnswerverifiedShow Answer

How do courts determine the line of commerce that will be affected by a merger?

Correct AnswerverifiedDetermining the line of commerce that wi...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Antitrust laws are enacted to limit anticompetitive behavior.

Correct AnswerverifiedShow Answer

The legality of nonprice vertical restraints of trade under Section 1 of the Sherman Act is examined by applying the ________.

Correct AnswerverifiedShow Answer

Compare and contrast the two rules developed by the U.S.Supreme Court for determining the lawfulness of a restraint under Section 1 of the Sherman Act.

Correct AnswerverifiedThe rule of reason requires a balancing ...View AnswerShow Answer

Which of the following is a per se violation of Section 1 of the Sherman Act?

Correct AnswerverifiedShow Answer

A horizontal restraint of trade occurs when two or more competitors at different levels of distribution enter into a contract to restrain trade.

Correct AnswerverifiedShow Answer

Favorable credit terms and freight charges are examples of indirect price discrimination that violate the Robinson-Patman Act.

Correct AnswerverifiedShow Answer

If two or more firms act the same but no concerted action is shown,can they be held for violation for Section 1 of the Sherman Act?

Correct AnswerverifiedSometimes two or more firms act the same...View AnswerShow Answer

The rationale behind the ________ is that the right to petition the government has precedence because it is guaranteed by the Bill of Rights.

Correct AnswerverifiedShow Answer

A merger between two regional fruit-sellers that do not sell fruit in the same geographical area is an example of a ________.

Correct AnswerverifiedShow Answer

The three largest cola manufacturers in a country agree among themselves that each one will sell the products only in certain predetermined geographical "territories." This is an example of ________.

Correct AnswerverifiedShow Answer

Under Section 3 of the Clayton Act,a tying arrangement is lawful if there is some justifiable reason for it.

Correct AnswerverifiedShow Answer

The setting of minimum resale prices is not a per se violation of Section 1 of the Sherman Act.

Correct AnswerverifiedShow Answer

Which of the following is true of antitrust laws?

Correct AnswerverifiedShow Answer

Which of the following is true of horizontal mergers?

Correct AnswerverifiedShow Answer

Which of the following is a vertical restraint of trade?

Correct AnswerverifiedShow Answer

________ are mergers between firms in totally unrelated businesses.

Correct AnswerverifiedShow Answer

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Determining the line of commerce that wi...
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The rule of reason requires a balancing ...
View Answer

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Sometimes two or more firms act the same...
View Answer

Correct Answer
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