Ch018TestBank - CHAPTER 30 Antitrust Policy and Regulation...

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CHAPTER 30 Antitrust Policy and Regulation Topic Question numbers ___________________________________________________________________________________________________ 1. Antitrust laws and enforcement 1-34 2. Antitrust cases 35-48 3. Types of mergers 49-57 4. Antitrust interpretations and issues 58-78 5. Natural monopoly and industrial regulation 79-97 6. Social regulation 98-105 Consider This 106-107 Last Word 108-112 True-False 113-126 ___________________________________________________________________________________________________ Multiple Choice Questions Antitrust laws and enforcement Econ: 583 LO: 30-1 Micro: 349 Topic: 1 Type: Fact 1. All of the following can file antitrust charges under the Sherman Act except: A) the U.S. Justice Department. B) state attorney generals. C) injured private parties. D) the Federal Energy Regulatory Commission. Ans: D Econ: 583 LO: 30-1 Micro: 349 Topic: 1 Type: Application of Concept 2. Movie producers A, B, and C secretly meet and agree to release their summer blockbuster films in sequence, rather than at the same time. The U.S. Justice Department learns of the agreement and files an antitrust suit. The Federal government would most likely file charges under the: A) Sherman Act, Section 1. C) Clayton Act B) Sherman Act, Section 2. D) Federal Trade Commission Act. Ans: A Econ: 583-584 LO: 30-1 Micro: 349-350 Topic: 1 Type: Fact 3. Which of the following is least likely to violate the Sherman Act or the Clayton Act? A) Competitive firms A, B, and C meet and agree to charge a common price. B) Competitive firms D and E, each with 35 percent market shares, merge into a single firm. C) Competitive firms F and G independently charge lower prices to frequent customers than to
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occasional customers. D) Large dominant firm H forces buyers to purchase its product X in order to buy its popular product Y. Ans: C Econ: 583 LO: 30-1 Micro: 349 Topic: 1 Type: Fact 4. The Sherman Act was designed to: A) exempt commercial banks from the antitrust laws. B) make interlocking directorates legal. C) prohibit misleading and antisocial advertising. D) make monopoly and acts that restrain trade illegal. Ans: D Econ: 583 LO: 30-1 Micro: 349 Topic: 1 Type: Fact 5. Which one of the following acts declared "Every contract, combination . .. or conspiracy, in restraint of trade or commerce among the several states . .. to be illegal"? A) the Wheeler-Lea Act C) the Sherman Act B) the Federal Trade Commission Act D) the Interstate Commerce Act Ans: C Econ: 584 LO: 30-1 Micro: 350 Topic: 1 Type: Fact 6. The Clayton Act of 1914: A) outlawed price discrimination, tying contracts, intercorporate stockholding, and interlocking directorates that lessen competition. B)
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Ch018TestBank - CHAPTER 30 Antitrust Policy and Regulation...

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