A) A private party can bring suit under the Clayton Act.
B) A private party can bring suit under the Sherman Act.
C) Under the Sherman Act a private party may receive treble damages.
D) A private party who prevails may receive attorney fees under the Sherman Act and under the Clayton Act.
E) Private parties are responsible for only a minority of antitrust claims brought to court in recent years.
G) A) and D)
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A) Horizontal extension
B) Market extension
C) Diversification
D) Vertical extension
E) Product extension
G) B) and E)
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A) He was correct.
B) He was incorrect; and if a company enjoys 70 percent of the relevant market, the court will usually hold that the firm has monopoly power.
C) He was incorrect; and if a company enjoys 60 percent of the relevant market, the court will usually hold that the firm has monopoly power.
D) He was incorrect; and if a company enjoys 51 percent of the relevant market, the court will usually hold that the firm has monopoly power.
E) He was incorrect; and if a company enjoys 40 percent of the relevant market, the court will usually hold that the firm has monopoly power.
G) A) and C)
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A) That a rule-of-reason violation occurred.
B) That an acknowledged violation occurred.
C) That a per se violation occurred.
D) That a refusal to deal occurred.
E) That an intrastate concerted action occurred.
G) None of the above
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A) The court ruled that Microsoft violated both Sections 1 and 2 of the Sherman Act.
B) The court ruled that Microsoft violated neither Section 1 nor Section 2 of the Sherman Act.
C) The court ruled that Microsoft violated Section 1 but not Section 2 of the Sherman Act.
D) The court ruled that Microsoft violated Section 2 but not Section 1 of the Sherman Act.
E) The court ruled that Microsoft violated both Sections 1 and 2 of the Sherman Act but that because the U.S. Department of Justice "sat on its rights" and delayed prosecution, the suit was subject to dismissal.
G) All of the above
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A) Horizontal extension
B) Market extension
C) Diversification target
D) Vertical extension target
E) Product extension
G) C) and D)
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A) Through its authority to regulate interstate commerce.
B) Through its authority to prevent discrimination.
C) Through its authority under the First Amendment.
D) Through its authority under the Fourth Amendment.
E) Pursuant to the due process clause contained in both the Fifth and Fourteenth Amendments.
G) A) and B)
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B) False
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A) Congress which amends the Sherman Act from time to time to set forth additional specific offenses.
B) State legislatures.
C) Local governing bodies.
D) The courts.
E) Both state legislatures and local governing bodies.
G) B) and C)
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Traditional antitrust theorists argue th...View Answer
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B) False
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A) She is correct.
B) She is wrong because an agreement that a seller will only carry a seller's merchandise is per se illegal under Section 1 of the Sherman Act.
C) She is wrong because an agreement that a seller will only carry a seller's merchandise is per se illegal under the Clayton Act.
D) Additional information is needed in order to determine whether she violated either the Clayton Act or the Sherman Act because her actions will be reviewed under a rule-of-reason test with the primary inquiry being whether her actions were reasonable in view of competitive practices in the industry.
E) If the agreement lessens competition or tends to create a monopoly, the agreement is in violation of Section 3 of the Clayton Act.
G) A) and D)
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A) The rule-of-reason analysis
B) The per se test
C) The quick-look standard
D) The consumer standard
E) The three-prong analysis
G) B) and D)
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A) Horizontal
B) Vertical
C) Conglomerate
D) Joining
E) Predatory
G) A) and B)
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A) That is not a defense, and the seller has violated the Clayton Act.
B) That is not a defense, and the seller has violated the Sherman Act.
C) That is a valid defense to price discrimination called the meeting-the-competition defense.
D) That is a valid defense to price discrimination called the legitimate-price-discrimination defense.
E) That is a valid defense to price discrimination called the meet-the-offense defense.
G) A) and C)
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B) False
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A) It was passed when Congress passed the Clayton Act.
B) It prohibits unfair and deceptive methods of competition.
C) Any anticompetitive behavior not prohibited by the Sherman Act or the Clayton Act is illegal under the act.
D) The language of the act permits the Federal Trade Commission to investigate antitrust claims.
E) While the language of the act permits the Federal Trade Commission to investigate antitrust claims, it may not bring antitrust claims against violators.
G) A) and C)
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They have violated Section 1 o...View Answer
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A) Price gouging
B) Price discrimination
C) Predatory pricing
D) Discriminatory pricing
E) Competitive pricing
G) None of the above
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A) 1890
B) 1925
C) 1935
D) 1943
E) 1958
G) A) and E)
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