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28.
(p. 1042)
Which of the following was left the responsibility of identifying which specific behaviors
were prohibited under the Sherman Act?
29.
(p. 1048)
Which two markets does a court consider in identifying the relevant market for
monopolization purposes?
30.
(p. 1047)
Which of the following was the result in
Continental T.V. Inc., v. GTE Sylvania Inc.
, the
U.S. Supreme Court case in which Continental argued that Sylvania violated the Sherman Act by
restricting the location of retailers that could sell its product?
31.
(p. 1051)
When a company prices one product below normal cost until competitors are eliminated
and then sharply increases the price, the company is practicing ______ pricing.
32.
(p. 1051)
Which of the following practices does the Clayton Act identify that are not covered under
the Sherman Act?
1. Price discrimination (Section 2 of the Clayton Act).
2. Exclusionary practices (Section 3).
3. Mergers (Section 7).
4. Interlocking directorates (Section 8).
33.
(p. 1051)
A seller engages in _______ when it sells the same goods to competing buyers for
different prices.
34.
(p. 1051)
Which of the following prohibits price discrimination by sellers?
47-28
35.
(p. 1052)
Which of the following is true if a seller engages in price discrimination in order to
compete in good faith with another seller's low price?
36.
(p. 1054)
Section _____ of the Clayton Act prohibits anticompetitive mergers or acquisitions.
37.
(p. 1054)
Under the Clayton Act, the Department of Justice is most likely to challenge which of the
following types of mergers?
38.
(p. 1054)
A merger between two or more companies producing the same or similar products is a
______ merger.
39.
(p. 1055)
When one company at one level of the manufacturing-distribution system acquires a
company at another level of the system, the merger is called a ______ merger.
40.
(p. 1055)
When a company merges with another company that is not a competitor or a buyer or
seller to the company, that merger is called a ______ merger.
41.
(p. 1055)
Which of the following references the type of conglomerate merger that occurs when a
company merges with another company producing a related product in order to add the related
product to the company's production?
42.
(p. 1055)
Which of the following references the type of conglomerate merger that occurs when a
firm attempts to extend the market for one of its current products by merging with a firm already
active in the target market?
43.
(p. 1055)
Which of the following references the type of merger that occurs when an acquiring firm
desires to spread into a new market where it does not have a product, merges with a firm in that
market, and continues to produce the other firm's product in the target market?
44.
(p. 1057)
Which of the following is
false
regarding private enforcement of antitrust laws?
45.
(p. 1056)
Which of the following is
false
regarding the Federal Trade Commission Act?
46.
(p. 1043)
Which of the following is
not
a factor taken into consideration under the rule-of-reason
analysis?
