Chapter 5 quiz - Name: Class: Date: ID: A Chapter 5...

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Unformatted text preview: Name: Class: Date: ID: A Chapter 5 True/False Indicate whether the statement is true or firtse. l. 2. tn H H H Governments may own factories and may compete with privately-owned businesses. The Federal Trade Commission has taken enforcement steps against refusals to sell, boycotts, market restrictions, disparagement of competitors' products, and unlawqu methods of billing and collection. The Clayton Act prohibits price discrimination between different buyers of like commodities when the effect may be to substantialiy lessen competition. ‘ Price discrimination is not permitted even when it can be justified on the basis of a difference in grade, quality, or quantity. Criminal penalties are possible under the Sherman Act. Multiple Choice Identtfl the as. 9-9?!” choice that best completes the statement or answers the question. The federal government may impose regulations on business: a. by virtue of its police power. b. to advance the interests of homeland security. c. to advance the nation's economic needs. d. if those regulations do not impose an unreasonable burden on interstate commerce. Under the commerce power, the federal government may regulate: a. some interstate commerce only. b. all interstate commerce. c. some intrastate commerce only. d. all intrastate commerce. . Government may: a. prohibit false advertising and labeling. b. enforce standards for health and purity for cosmetics, foods, and drugs. c. engage in competition with private enterprise or own and operate an industry. d. all of the above. In order to show a per 33 violation of the Sherman Act, plaintiff must demonstrate: a substantial potential for impact on competition. actual or likely impact on a market. any agreement tending to fix prices. none of the above. Name: ID: A I 1 [0. When the effect of an antitrust violation is to raise prices: damages are automatically considered doubled. each plaintiff must sue individually. imprisonment for the guilty is mandatory. the state attomey general may bring a class action suit for damagw. 9-5" 57!” ...
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This note was uploaded on 02/19/2011 for the course MGMT 455 taught by Professor Staff during the Spring '08 term at Purdue University-West Lafayette.

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Chapter 5 quiz - Name: Class: Date: ID: A Chapter 5...

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