Question 1

For products that are sold nationwide, the relevant geographic market is the entire globe.

Accepted Answer

A) True 
 B)False

Question 2

A market division by class of customer between rival firms does not violate antitrust law.

Accepted Answer

A) True 
 B)False

Question 3

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is​

Accepted Answer

A)   ​"an unfair or deceptive act or practice."
B)   ​a per se violation.
C)   ​not a violation.
D)   ​subject to analysis under the rule of reason.E) C) and D)
F) B) and D)

Question 4

Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law​

Accepted Answer

A)   ​if the anticompetitive effects outweigh the competitive benefits.
B)   ​if the competitive benefits outweigh the anticompetitive effects.
C)   ​under any circumstances.
D)   ​under no circumstances.E) All of the above
F) A) and D)

Question 5

Unilateral conduct can result in a violation of antitrust law.

Accepted Answer

A) True 
 B)False

Question 6

To drive its competitors out of a certain geographic segment of its market, Drones, Inc., sets the prices of its products below cost for the buyers in that area. This is​

Accepted Answer

A)   ​price-fixing.
B)   ​smart marketing.
C)   ​predatory pricing.
D)   ​price discrimination.E) C) and D)
F) A) and C)

Question 7

The purpose of antitrust legislation is to prevent competition.

Accepted Answer

A) True 
 B)False

Question 8

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at​

Accepted Answer

A)   ​the price of a share of DrillBits' stock.
B)   ​DrillBits' size alone.
C)   ​DrillBits' production methods and marketing techniques.
D)   ​the relevant market.E) C) and D)
F) A) and B)

Question 9

Speedee Snoboards, Inc., refuses to sell its products to Timber Mountain WinterSports Stores, Inc., a retail snowboard dealership. This is​

Accepted Answer

A)   ​an exclusive-dealing contract.
B)   ​a territorial restriction.
C)   ​attempted monopolization.
D)   ​a unilateral refusal to deal.E) None of the above
F) A) and C)

Question 10

Size alone determines whether a firm is a monopoly.

Accepted Answer

A) True 
 B)False

Question 11

Predatory pricing involves selling a product at prices substantially above the fair market value.

Accepted Answer

A) True 
 B)False

Question 12

Market power is the ability of a firm to enter a given market.

Accepted Answer

A) True 
 B)False

Exam 26: Antitrust Law

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at

Correct Answer
verified

Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law

Correct Answer
verified

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is

Correct Answer
verified

To drive its competitors out of a certain geographic segment of its market, Drones, Inc., sets the prices of its products below cost for the buyers in that area. This is

Correct Answer
verified

Size alone determines whether a firm is a monopoly.

Correct Answer
verified

Predatory pricing involves selling a product at prices substantially above the fair market value.

Correct Answer
verified

For products that are sold nationwide, the relevant geographic market is the entire globe.

Correct Answer
verified

Speedee Snoboards, Inc., refuses to sell its products to Timber Mountain WinterSports Stores, Inc., a retail snowboard dealership. This is

Correct Answer
verified

The purpose of antitrust legislation is to prevent competition.

Correct Answer
verified

Unilateral conduct can result in a violation of antitrust law.

Correct Answer
verified

A market division by class of customer between rival firms does not violate antitrust law.

Correct Answer
verified

Market power is the ability of a firm to enter a given market.

Correct Answer
verified

Exam 26: Antitrust Law

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at​

Correct AnswerverifiedShow Answer

Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law​

Correct AnswerverifiedShow Answer

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is​

Correct AnswerverifiedShow Answer

To drive its competitors out of a certain geographic segment of its market, Drones, Inc., sets the prices of its products below cost for the buyers in that area. This is​

Correct AnswerverifiedShow Answer

Size alone determines whether a firm is a monopoly.

Correct AnswerverifiedShow Answer

Predatory pricing involves selling a product at prices substantially above the fair market value.

Correct AnswerverifiedShow Answer

For products that are sold nationwide, the relevant geographic market is the entire globe.

Correct AnswerverifiedShow Answer

Speedee Snoboards, Inc., refuses to sell its products to Timber Mountain WinterSports Stores, Inc., a retail snowboard dealership. This is​

Correct AnswerverifiedShow Answer

The purpose of antitrust legislation is to prevent competition.

Correct AnswerverifiedShow Answer

Unilateral conduct can result in a violation of antitrust law.

Correct AnswerverifiedShow Answer

A market division by class of customer between rival firms does not violate antitrust law.

Correct AnswerverifiedShow Answer

Market power is the ability of a firm to enter a given market.

Correct AnswerverifiedShow Answer

A suit is filed against DrillBits Corporation, alleging that the firm committed the offense of monopolization. To determine whether DrillBits has monopoly power requires looking at

Correct Answer
verified

Smart Tablets, Inc., requires all distributors of its products to sell them at a specified minimum price. This is a violation of antitrust law

Correct Answer
verified

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Foods Marketplace, Inc., a retailer. This is

Correct Answer
verified

To drive its competitors out of a certain geographic segment of its market, Drones, Inc., sets the prices of its products below cost for the buyers in that area. This is

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Speedee Snoboards, Inc., refuses to sell its products to Timber Mountain WinterSports Stores, Inc., a retail snowboard dealership. This is

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified