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Chapter Quiz
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1
The European Union (EU) does not bar mergers that may create or strengthen a firm's dominant position.
A)True
B)False
2
The Hart-Scott-Rodino Antitrust Improvement Act of 1976 requires that for planned mergers involving dollar values of stock or assets exceeding certain amounts, the parties to the merger agreement must provide advance notice to the FTC and the Justice Department.
A)True
B)False
3
A vertical merger is a merger between competitors.
A)True
B)False
4
The Robinson-Patman Act applies only to discriminatory acts that occur "in commerce."
A)True
B)False
5
Labor unions are considered to be restraint of trade under the Clayton Act.
A)True
B)False
6
Patent holders control the price at which the patented items are resold.
A)True
B)False
7
The Sherman Act does not prohibit two or more persons associating together in an attempt to persuade the legislature to pass a law that would produce a restraint or a monopoly.
A)True
B)False
8
Only price discrimination has a probable anticompetitive effect that is prohibited by Section 2(a) of the Robinson-Patman Act.
A)True
B)False
9
Which of the following is a defense to liability under Section 2(a) of the Robinson-Patman Act?
A)Cost justification
B)Changing conditions
C)Meeting competition in good faith
D)All of the above
10
Which of the following is an exemption to federal antitrust laws?
A)Sovereign immunity
B)Act of state doctrine
C)Both A and B
D)None of the above





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