Chapter 49 - Antitrust:  The Sherman Act

Chapter 49 - Antitrust: The Sherman Act

9 Qs

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Chapter 49 - Antitrust:  The Sherman Act

Chapter 49 - Antitrust: The Sherman Act

Assessment

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Eric Sader

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9 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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The three antitrust laws are the Sherman Act, Clayton Act, and Pricing Act.

True
False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Section 1 of the Sherman Act prohibits concerted action in restraint of trade.

True
False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Per se violations are conclusively presumed to violate § 1 of the Sherman Act.

True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Using a rule of reason approach, conduct violates § 1 if a minimum anticompetitive effect occurs.

True
False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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If competitors alter market forces by horizontal price control, it is per se illegal.

True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Agreements among competitors to divide up a market by allocating territories is legal unless it destroys competition.

True
False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Having a monopoly is not illegal.

True
False

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Z will not sell to buyers unless they agree to buy their products exclusively from Z. Has Z violated antitrust law?

No since freedom of contract is allowed
Z's exclusive dealing agreement is illegal if Z's power is anticompetitive
Z's exclusive dealing agreement is per se illegal

9.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The elements of monopolization include:

exclusive dealing agreement

monopoly power

willful anticompetitive conduct

both monopoly power and anticompetitive conduct