Question 1

When two parties at different levels in the manufacturing and distribution process make an agreement that restrains trade, they have made a ________ restraint against trade.

Accepted Answer

A)   Horizontal
B)   Corresponding
C)   Lateral
D)   Vertical
E)   RegulatoryF) C) and E)
G) B) and D)

Question 2

Which of the following characteristic or combination of characteristics properly constitutes a violation of Section 1 of the Sherman Act?

Accepted Answer

A)   A combination, contract or conspiracy found to be unreasonable in scope.
B)   An unreasonable restraint on trade that affects intrastate commerce and an unreasonable contract.
C)   An unreasonable agreement between two parties from different states or countries affecting commerce between those two states or countries.
D)   A combination, contract or conspiracy, an unreasonable restraint on trade, and a restraint that affects interstate commerce.
E)   A combination, contract or conspiracy and a restraint that affects interstate commerce.F) A) and D)
G) C) and D)

Question 3

Group boycotts by which two or more competing sellers refuse to sell their products to a certain customer are generally per se violations of the Sherman Act.

Accepted Answer

A) True 
 B)False

Question 4

Pappa Timmons, a local Mexican restaurant decides to merge with Dollar Buy Out, a retail sock store, this is known as a ________ merger.

Accepted Answer

A)   horizontal
B)   vertical
C)   conglomerate
D)   preemptory
E)   predatoryF) A) and B)
G) A) and C)

Question 5

In enacting the Sherman Act, Congress did not specify which specific behaviors were prohibited.

Accepted Answer

A) True 
 B)False

Question 6

Assume further that PWP Guitars, in an effort to cement its status as the top seller of guitars in the country, attempts to acquire the two largest distributors with whom they have contracted in the previous two questions. They might be accused of attempting a

Accepted Answer

A)   Horizontal Merger
B)   Vertical Merger
C)   Conglomerate Merger
D)   Interlocking Directorate
E)   Tertiary MergerF) A) and D)
G) A) and E)

Question 7

When was the Sherman Act enacted?

Accepted Answer

A)   1890
B)   1925
C)   1935
D)   1943
E)   1958F) B) and E)
G) A) and D)

Exam 47: Antitrust Law

Assume further that PWP Guitars, in an effort to cement its status as the top seller of guitars in the country, attempts to acquire the two largest distributors with whom they have contracted in the previous two questions. They might be accused of attempting a

Correct Answer
verified

When was the Sherman Act enacted?

Correct Answer
verified

In enacting the Sherman Act, Congress did not specify which specific behaviors were prohibited.

Correct Answer
verified

When two parties at different levels in the manufacturing and distribution process make an agreement that restrains trade, they have made a ________ restraint against trade.

Correct Answer
verified

Pappa Timmons, a local Mexican restaurant decides to merge with Dollar Buy Out, a retail sock store, this is known as a ________ merger.

Correct Answer
verified

Which of the following characteristic or combination of characteristics properly constitutes a violation of Section 1 of the Sherman Act?

Correct Answer
verified

Group boycotts by which two or more competing sellers refuse to sell their products to a certain customer are generally per se violations of the Sherman Act.

Correct Answer
verified

Exam 47: Antitrust Law

Assume further that PWP Guitars, in an effort to cement its status as the top seller of guitars in the country, attempts to acquire the two largest distributors with whom they have contracted in the previous two questions. They might be accused of attempting a

Correct AnswerverifiedShow Answer

When was the Sherman Act enacted?

Correct AnswerverifiedShow Answer

In enacting the Sherman Act, Congress did not specify which specific behaviors were prohibited.

Correct AnswerverifiedShow Answer

When two parties at different levels in the manufacturing and distribution process make an agreement that restrains trade, they have made a ________ restraint against trade.

Correct AnswerverifiedShow Answer

Pappa Timmons, a local Mexican restaurant decides to merge with Dollar Buy Out, a retail sock store, this is known as a ________ merger.

Correct AnswerverifiedShow Answer

Which of the following characteristic or combination of characteristics properly constitutes a violation of Section 1 of the Sherman Act?

Correct AnswerverifiedShow Answer

Group boycotts by which two or more competing sellers refuse to sell their products to a certain customer are generally per se violations of the Sherman Act.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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