Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 13: Problem 12

Antitrust today could best be summed up by the a) 90 percent rule c) rule of reason b) 60 percent rule d) one-year rule

Short Answer

Expert verified
c) Rule of Reason

Step by step solution

01

Option A: 90 Percent Rule

The 90 percent rule is not directly related to antitrust laws. Hence, this option is not the correct answer.
02

Option B: 60 Percent Rule

The 60 percent rule is also not a term directly related to antitrust laws. Therefore, this option is not the correct answer.
03

Option C: Rule of Reason

The Rule of Reason is a fundamental principle in U.S. antitrust law. It states that a practice should be considered anti-competitive only if it can be demonstrated that its harmful effects on the market outweigh its benefits. The rule of reason is applied in most antitrust cases to determine whether a business practice is illegal or not. This option is related to Antitrust and seems to be the correct answer.
04

Option D: One-Year Rule

The One-Year Rule is not directly related to antitrust laws. Hence, this option is not the correct answer. Based on the analysis of each option, the best choice that sums up Antitrust today is:
05

Answer

c) Rule of Reason

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

The first trustbusters were Presidents (LO2) a) Teddy Roosevelt and William Howard Taft b) Franklin Roosevelt and Harry Truman c) Dwight D. Eisenhower and John Kennedy d) Jimmy Carter and Ronald Reagan

In 1911 the Supreme Court decided to a) allow the trusts to keep functioning as they had in the past b) break up the trusts c) let the trusts off with small fines d) put the leaders of the trusts in jail

Which statement is the most accurate? a) The honesty of our corporate leaders is beyond question. b) Most corporate leaders are dishonest. c) Even if a corporation "cooks" its books, the CPA firm it hires to audit its books will quickly find out and blow the whistle. d) Enron was not the only American corporation in recent years to be guilty of corporate misconduct.

The merger between Exxon and Mobil was subject to antitrust regulation by a) the Justice Department only b) the European Commission only c) both the Justice Department and the European Commission d) neither the Justice Department nor the European Commission

Which statement is true? a) Most of the largest corporate mergers in our history took place during the period 1998-2000. b) There have been virtually no large mergers in banking or communications. c) Nearly all large corporations are conglomerates. d) Enron continues to be one of our largest corporations.
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free