Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 13: Problem 7

The Supreme Court's rule of reason was applied a) from the time of the Civil War b) from 1911 to 1945 c) after 1945 d) after 1970

Short Answer

Expert verified
The correct answer is b) from 1911 to 1945, as the Rule of Reason was first established by the Supreme Court in the case Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911).

Step by step solution

01

Understand the Supreme Court's Rule of Reason

The Rule of Reason is a doctrine used by the United States Supreme Court to evaluate the legality of business practices under antitrust laws. The rule evaluates if the practices in question have a reasonable justification, taking into consideration their potential effects on competition.
02

Know the Timeline of Rule of Reason Application

In United States history, the Rule of Reason has been applied differently over time. By knowing the general timeline of its application, you will be able to make an educated guess on when it was applied: a) from the time of the Civil War b) from 1911 to 1945 c) after 1945 d) after 1970
03

Determine the Correct Answer

The Rule of Reason was first formally established by the Supreme Court in the case Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911). This case marks the beginning of the application of this rule by the Supreme Court. Thus, the correct answer is: b) from 1911 to 1945.

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

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

Deregulation of the trucking industry resulted in a) many more firms and lower prices b) many more firms and higher prices c) fewer firms and lower prices d) fewer firms and higher prices

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.

Which statement is true? a) Conglomerate mergers are all vertical mergers. b) General Electric is the largest conglomerate in the United States. c) There is no discernable trend toward corporate bigness. d) Most of the largest corporate mergers in the world are between firms located outside the United States.

Each of the following was a plausible reason for the Justice Department to block a proposed merger between AT\&T and T-Mobile in 2011 except a) It would have left millions of customers without wireless service. b) It would have created a duopoly with Verizon, controlling three-quarters of the wireless market. c) It would have resulted in higher prices and fewer consumer choices. d) It might have resulted in poorer service.
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