MGMT 209 CHAPTER 7 || WITH ERRORLESS SOLUTIONS 100%.
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Course
MGMT 209 CHAPTER 7
Institution
MGMT 209 CHAPTER 7
Clayton
Celler-Kefauver Act (1950) correct answers If the government choses to block a merger is is usually done under what law and what act under that law?
The court's interpretation of Sherman correct answers What caused the weakness of Sherman?
Specific and preventative correct answers Ho...
MGMT 209 CHAPTER 7 || WITH ERRORLESS
SOLUTIONS 100%.
Clayton
Celler-Kefauver Act (1950) correct answers If the government choses to block a merger is is
usually done under what law and what act under that law?
The court's interpretation of Sherman correct answers What caused the weakness of Sherman?
Specific and preventative correct answers How would you describe the language of Clayton?
Broad correct answers How would you describe the language of Sherman?
Prevent and punish anticompetitive practices correct answers What is antitrust laws designed to
do?
society individual firm in the economy correct answers What is competition in the best interest
of and the worst interest of?
The national government correct answers Where do the least number of antitrust cases go to?
Ohio correct answers Which Supreme Court dissolved the Standard Oil Trust?
Interstate Commerce Act
- purchase was the regulate railroads correct answers What was a result of the negative reactions
to the railroad trust?
Interstate Commerce Act
- but only in railroads correct answers What was the first step towards protecting consumers and
small businesses?
Sherman Antitrust Act (1890) correct answers Outlaws trust in the U.S. and empowered the
federal government to break up existing trusts
Trust Buster Act correct answers What is another name for Sherman?
Trust correct answers Groups of companies that agree to eliminate competition among them
Clayton Antitrust Act (1914)
Federal Trade Commission Act (1914) correct answers What acts was implemented to address
the issues of Sherman?
Clayton Antitrust Act (1914) correct answers Outlawed the "anticompetitive practices" leading to
monopolization.
, Addressed activities that could lead to trusts and monopolies where Sherman addressed mainly
outcomes, the trusts, and monopolies themselves
Federal Trade Commission Act (1914) correct answers Created the FTC.
Regulates unfair methods of competition and deceptive acts of practices of competition.
Restraint of Trade correct answers Any agreement between two or more parities that
substantially reduce competition in the marketplace
contracts correct answers What does Section 1 (Restraint of Trade) not require?
Unilateral actions to restrain trade correct answers What does Section 1 (Restraint of Trade) not
cover?
Per Se Violations
Rule of Reason Violations correct answers What are the two types of violations under Section 1?
The good of the consumer correct answers What is the primary concern in antitrust law?
Per se Rule correct answers What type of rule is horizontal and vertical boycotts handled under?
Civil. Does not cover criminal correct answers Clayton only covers what kinds of violations?
Resale price maintenance correct answers What is another name for Vertical Price Fixing?
Rule of Reason correct answers Which is more flexible: rule of reason or per se rule?
Hart-Scott-Rodino Antritrust Improvement Act correct answers Under what act is pre-merger
notification required?
General electric, Honeywell correct answers Which two American companies have the EU
blocked from merging if the companies also do business in Europe?
DOJ
Federal Trade Commission
Private parties correct answers Who enforces antitrust laws?
Section 1 - Restraint of Trade
Section 2 - Monopolization correct answers What are the important provisions of Sherman
Per Se Violations
Rule of Reason correct answers What are the categories Sherman's Section 1 (Restraint of Trade)
violations are divided into?
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