Chapter 13: Problem 9
The Utah Pie case was brought under which of the following laws? a. Sherman Act b. Federal Trade Commission Act c. Robinson-Patman Act d. Celler-Kefauver Act
Chapter 13: Problem 9
The Utah Pie case was brought under which of the following laws? a. Sherman Act b. Federal Trade Commission Act c. Robinson-Patman Act d. Celler-Kefauver Act
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Get started for freeThe importance of the Federal Trade Commission Act of 1914 is that it a. set up an independent antitrust agency with the power to investigate complaints. b. strengthened the law against mergers. c. strengthened the law against price discrimination. d. did none of the above.
Under the Clayton Act, horizontal mergers by stock acquisition were a. not considered. b. illegal if they could be shown to lessen competition. c. illegal under any circumstances. d. legal if they could be shown not to lessen competition.
In which antitrust case did the courts first apply the per se rule to determine whether a firm was in violation of the Sherman Act? a. Standard Oil case b. Alcoa case c. IBM case d. MIT case
Today, the Civil Aeronautics Board (CAB) regulates a. airline ticket prices. b. airline routes. c. airline safety. d. all of the above. e. none of the above; the CAB was abolished in 1984.
Which of the following provides the basis for regulation? a. Natural monopoly b. Externalities c. Imperfect information d. All of the above
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