Ans t pts 1 nat aacsb analytic top sherman act 24

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Exploring Microeconomics
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Chapter 15 / Exercise 5
Exploring Microeconomics
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ANS: T PTS: 1 NAT: AACSB: Analytic TOP: Sherman Act
24. Limitations on bidding are permitted in professional bids such as in architecture and service contracts. PTS: 1 NAT: AACSB: Analytic TOP: bidding
25. Division of markets is a per se violation. PTS: 1 NAT: AACSB: Analytic
TOP: market division 26. Group boycotts are per se violations. PTS: 1 NAT: AACSB: Analytic
TOP: boycotts 27. Joint ventures among competitors are per se violations. PTS: 1 NAT: AACSB: Analytic
TOP: joint ventures 28. The Noerr-Pennington doctrine is an antitrust exception that originates in the First Amendment.
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The document you are viewing contains questions related to this textbook.
Exploring Microeconomics
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Chapter 15 / Exercise 5
Exploring Microeconomics
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PTS: 1 NAT: AACSB: Analytic TOP: Noerr-Pennington
29. The failing company doctrine is an exception to horizontal merger restrictions. PTS: 1 NAT: AACSB: Analytic TOP: horizontal merger
30. The Celler-Kefauver Act is part of the Clayton Act. PTS: 1 NAT: AACSB: Analytic TOP: Celler-Kefauver Act
31. Private parties can bring suit under the Federal Trade Commission Act. PTS: 1 NAT: AACSB: Analytic TOP: FTC Act
32. Predatory pricing is not specifically covered in any of the antitrust laws. PTS: 1 NAT: AACSB: Analytic TOP: predatory price
33. Monopolization is a vertical restraint of trade. PTS: 1 NAT: AACSB: Analytic TOP: monopoly
34. Resale price maintenance is a vertical restraint of trade. PTS: 1 NAT: AACSB: Analytic TOP: resale price
35. Resale price maintenance is a per se violation of the Sherman Act. PTS: 1 NAT: AACSB: Analytic TOP: resale price
36. Conscious parallelism negates market forces. PTS: 1 NAT: AACSB: Analytic
TOP: conscious parallelism 37. Price control consignments are treated as forms of resale price maintenance. PTS: 1 NAT: AACSB: Analytic
TOP: price control
38. Fair trade laws are still in effect in many states. PTS: 1 NAT: AACSB: Analytic
TOP: fair trade 39. Exclusive distributorships are per se antitrust violations. PTS: 1 NAT: AACSB: Analytic TOP: distributorships
40. Customer and territorial restrictions are per se antitrust violations. PTS: 1 NAT: AACSB: Analytic TOP: customer restrictions
41. Tying arrangements are per se antitrust violations. PTS: 1 NAT: AACSB: Analytic TOP: tying
42. The tying product is the desired product. PTS: 1 NAT: AACSB: Analytic TOP: tying
43. A defense to tying is quality control. PTS: 1 NAT: AACSB: Analytic TOP: tying
44. Sole outlets are not antitrust violations when there is interbrand competition. PTS: 1 NAT: AACSB: Analytic TOP: sole outlets
45. Exclusive dealing contracts are per se violations. PTS: 1 NAT: AACSB: Analytic TOP: exclusive dealing contracts
46. The Sotheby’s - Christie’s case illustrates, among other things, that companies will sacrifice its employees to save the company. PTS: 1 NAT: AACSB: Analytic TOP: ethics
47. Generic brands can carry a lesser price than brand-name products even though identical in composition without experiencing price discrimination difficulties.
PTS: 1 NAT: AACSB: Analytic TOP: price discrimination
48. Meeting the competition is a defense to price discrimination.

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