1. _______________________ laws attempted to enforce competition and to control the corporate merger movement.
Trust
Antitrust
Competition
Merger
2. ____________ states that market conduct rather than market share should determine whether antitrust always have been violated.
Rule of reason
The Clayton Antitrust Act
Interlocking stockholding
Exclusive dealings
3. Which of the following business practices is considered bad and outlawed by the Clayton Antitrust Act?
Price discrimination
Interlocking stockholding
Interlocking directorates
All of the above
4. Requirements that a retailer may not carry products produced by a rival seller is called:
price discrimination
tying contracts
exclusive dealings
interlocking prices
5. When one firm buys stock in another firm or when one person serves on the board of at least two competing firms, this is called
Interlocking stockholding and Interlocking board
Interlocking stockholding and Interlocking directorates
Interlocking pricing and Interlocking board
Interlocking contracts and Interlocking directorates
1. _______________________ laws attempted to enforce competition and to control the corporate merger movement.
Trust
Antitrust
Competition
Merger
2. ____________ states that market conduct rather than market share should determine whether antitrust always have been violated.
Rule of reason
The Clayton Antitrust Act
Interlocking stockholding
Exclusive dealings
3. Which of the following business practices is considered bad and outlawed by the Clayton Antitrust Act?
Price discrimination
Interlocking stockholding
Interlocking directorates
All of the above
4. Requirements that a retailer may not carry products produced by a rival seller is called:
price discrimination
tying contracts
exclusive dealings
interlocking prices
5. When one firm buys stock in another firm or when one person serves on the board of at least two competing firms, this is called
Interlocking stockholding and Interlocking board
Interlocking stockholding and Interlocking directorates
Interlocking pricing and Interlocking board
Interlocking contracts and Interlocking directorates
Related textbook solutions
Related questions
Question 6 (2 points)
Which one of the following statements is true?
Question 6 options:
| The Clayton Act was the first antitrust law | |
| The Sherman Act prohibits price discrimination | |
| The Sherman Act prohibits interlocking directorates | |
| The Clayton Act prohibits tying contracts |
Question 7 (2 points)
Which of the following practices would not be outlawed specifically by the Clayton Act?
Question 7 options:
| A soft drink company agrees to sell its soft drink to a retail outlet only if the store agrees not to stock its competitors' products. | |
| Competing firms interlocking their boards of directors. | |
| Conglomerate mergers in which companies in completely unrelated industries are merging together. | |
| Price discrimination aimed at reducing competition. |
Question 8 (2 points)
Trusts or monopolies that engage in restraint of trade or commerce are prohibited by
Question 8 options:
| The Sherman Act | |
| The Clayton Act | |
| The Federal Trade Commission Act | |
| The Patriot Act |
Question 9 (2 points)
The most significant outcome of the Sherman Act was
Question 9 options:
| to break-up Standard Oil and American Tobaccoâs monopoly control of the oil and tobacco industries. | |
| to outlaw of price discrimination used by Pepisco | |
| to punish the railroads for price discrimination |
Question 10 (2 points)
Interlocking directorates are prohibited under the
Question 10 options:
| Sherman Act. | |
| Clayton Act. | |
| both the Sherman and Clayton Acts. | |
| neither the Sherman Act nor the Clayton Act. |
Question 11 (2 points)
A horizontal merger takes place when
Question 11 options:
| a firm acquires a competitor that is operating in the same industry. | |
| similar firms agree to compete or collude. | |
| firms in completely unrelated industries merge. | |
| a firm diversifies by merging with unrelated firms in other countries |
Question 12 (2 points)
The Supreme Court's use of the rule of reason originated after which case?
Question 12 options:
| Standard Oil | |
| U.S. Steel | |
| ALCOA | |
| XEROX |
Question 13 (2 points)
The Standard Oil trust
Question 13 options:
| was broken up in 1946. | |
| was controlled by several foreign nations. | |
| was found to be in violation of the Sherman Act because it forced its competitors out of business. | |
| was created by the U.S. government. |
Question 14 (2 points)
Which of the following statements is false?
Question 14 options:
| Tying contracts are forbidden under the Clayton Act | |
| The Clayton Act prohibits interlocking stockholding | |
| The Clayton Act repealed the main provisions of the Sherman Act. | |
| The Clayton Act was an important anti-trust law passed in 1914. |
Question 15 (2 points)
If a producer forces a retailer into a contract that prohibits the retailer from selling the producerâs competitorâs products, this is an example of
Question 15 options:
| a horizontal contract | |
| exclusive dealings | |
| a tying contract. | |
| bundling |
