ArCh26_10e.doc - Chapter 26—Government and Product Markets:...

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Chapter 26—Government and Product Markets: Antitrust and RegulationMULTIPLE CHOICE1.The Sherman Act of 1890 was passed with the intent ofa.establishing the Federal Trade Commission (FTC) to deal with "unfair methods ofcompetition."b.preventing monopolization and/or conspiracy in the restraint of trade.c.spelling out the conditions under which mergers would be considered anti-competitive.d.dealing with false and deceptive advertising.e.declaring interlocking directorates illegal.ANS: BPTS:1DIF:ModerateNAT:Analytic
LOC:The role of government2.The antitrust act that says, "Every contract, combination in the form of trust or otherwise, orconspiracy, in restraint of trade or commerce among the several states, or with foreign nations, ishereby declared to be illegal" is thePTS:1DIF:ModerateNAT:Analytic
LOC:The role of government3.Antitrust law is legislation passed for the stated purpose ofPTS:1DIF:EasyNAT:Analytic
LOC:The role of government4."Exclusive dealing" isPTS:1DIF:ModerateNAT:Analytic
LOC: Monopoly5.Which antitrust legislation made price discrimination illegal?a.the Sherman Actb.the Clayton Actc.the Federal Trade Commission Actd.the Robinson-Patman Act
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ANS: BPTS:1DIF:ModerateNAT:Analytic
LOC:The role of government6.Which antitrust legislation was passed in an attempt to decrease the failure rate of small businesses byprotecting them from competition from large and growing chain stores?PTS:1DIF:ModerateNAT:Analytic
LOC:The role of government

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Term
Spring
Professor
CaraTucker

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