In weyerhaeuser v ross simmons weyerhaeuser was found

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Cengage Advantage Books: Foundations of the Legal Environment of Business
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Chapter 1 / Exercise 3
Cengage Advantage Books: Foundations of the Legal Environment of Business
Jennings
Expert Verified
7. In Weyerhaeuser v. Ross-Simmons , Weyerhaeuser was found liable for: a. predatory bidding. b. predatory pricing. c. *nothing. d. monopsony violations. ANS: C PTS: 1 NAT: AACSB: Analytic TOP: predatory bidding
8. Treble damages are recoverable for actions brought under: PTS: 1 NAT: AACSB: Analytic TOP: treble damages
9. Superior skill, foresight, and industry is a: PTS: 1 NAT: AACSB: Analytic
TOP: monopolization 10. Cross-elasticity of demand is:
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Cengage Advantage Books: Foundations of the Legal Environment of Business
The document you are viewing contains questions related to this textbook.
Chapter 1 / Exercise 3
Cengage Advantage Books: Foundations of the Legal Environment of Business
Jennings
Expert Verified
b. a factor in determining resale price maintenance. c. a factor in determining the geographic market. d. all of the above ANS: A PTS: 1 NAT: AACSB: Analytic TOP: cross-elasticity 11. Market power is: a. *represented by a relatively inelastic demand curve. b. defined by statute. c. the same as market share above 50 percent. d. all of the above ANS: A PTS: 1 NAT: AACSB: Analytic
TOP: market power 12. Which of the following is not a per se violation of the antitrust laws? PTS: 1 NAT: AACSB: Analytic
TOP: per se violations 13. The Noerr-Pennington doctrine: PTS: 1 NAT: AACSB: Analytic TOP: Noerr-Pennington
14. Horizontal mergers:
PTS: 1 NAT: AACSB: Analytic TOP: horizontal merger
15. Which of the following would not be price fixing? a. agreements to limit production b. agreements to limit competitive bidding c. agreements to charge the same interest on credit contracts d. *All of the above are price fixing. ANS: D PTS: 1 NAT: AACSB: Analytic TOP: price fixing
16. Jay Farnswood is the president of a local group of real estate agents. At their monthly luncheon meeting, Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted, "I don't know what the rest of you are going to do, but I am going to charge 6 percent commission on all my listings starting today." Farnswood's statements: PTS: 1 NAT: AACSB: Analytic TOP: price fixing

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