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Exam 24: Antitrust Law and Promoting Competition

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Question 41

True/False

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Every threat of monopolization is condemned as a violation of antitrust law even if the alleged offender does not possess some degree of market power.

A) True
B) False

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Question 42

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Even if a firm possesses monopoly power and engaged in anticompetitive conduct,it cannot be inferred that the firm acted with the intent to monopolize.

A) True
B) False

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Question 43

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Dig Inc.is the major wholesale distributor of heavy equipment in six states.Dig's closest competitor is Excavator Company.The two firms agree that Dig will operate in four of the states and Excavator in the other two.This is

Competition is not necessarily diminished solely as a result of market concentration.

Battery Corporation's production,distribution,and marketing methods are unique.Its capital value and size are greater than its competitors.A suit is filed against the firm,alleging the offense of monopolization.To determine whether Battery has monopoly power requires looking at

Under what circumstances would Quality Market,a small store in Rustic,an isolated town,be considered a monopoly? If Quality Market is a monopoly,is it in violation of antitrust law?

A business,but not an individual person,can be deemed liable for monopolizing or attempting to monopolize trade or commerce in violation of the antitrust laws.

It is in society's interest to condemn every acquisition of monopoly power as an antitrust violation even though a dominant market share may be the result of business acumen.

The rule of reason represents a more flexible economic analysis of agreements among competitors than the rigid application of a per se standard.

Two Chinese firms,Wong Ltd.and Xiang Ltd. ,engage in a conspiracy to control the distribution of certain goods in global markets.This may violate U.S.antitrust laws

Requiring users of a social media site to agree to certain terms and conditions to use the site is most likely an antitrust violation.

Restraints of trade are laws that regulate economic competition.