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Chapter Quiz
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1
The Chicago School theories have not been given credence by the federal courts during the past 20 years.
A)True
B)False
2
United States-based firms that engage in international business activities need not be concerned about the antitrust laws of European Union (EU) nations as the EU is not concerned with antitrust.
A)True
B)False
3
The Sherman Act allows for criminal prosecutions instituted by the federal government as well as civil lawsuits by private parties.
A)True
B)False
4
In order to promote enforcement of antitrust laws, all private citizens have standing to sue under these statutes.
A)True
B)False
5
Section 1 of the Sherman Act does not address purely unilateral action by a competitor.
A)True
B)False
6
Horizontal price-fixing is not unlawful under Section 1 of the Sherman Act.
A)True
B)False
7
A manufacturer-dealer agreement obligating the dealer to resell goods at a price dictated by the manufacturer is a violation of Section 1 of the Sherman Act.
A)True
B)False
8
An agreement between a manufacturer and dealer that prohibits the dealer to sell outside their assigned area is allowed under federal antitrust laws.
A)True
B)False
9
A tying agreement occurs when a seller refuses to sell a buyer a certain product unless the buyer also agrees to purchase a different product from the seller.
A)True
B)False
10
In order to be liable for monopolization, a defendant must have possessed the intent to monopolize.
A)True
B)False





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