Anti trust

The Sherman Act regulates monopolies after they are formed, but does not regulate mere attempts to monopolize.

false

The Federal Trade Commission is an independent administrative agency charged with keeping competition free and fair through the enforcement of the Sherman Act.

false clayton act

Anheuser-Bush, an American corporation, and InBev, a Belgian corporation, finalized a multibillion-dollar merger to form the largest beer company in the world. Anheuser-Bush and InBev, prior to the merger, each sold beer in many countries around the world, including both Belgium and the United States. This merger is best described as a:

horizontal merger

The purpose of the Sherman Act was to:

preserve fair compeition

If two competing businesses selling the same product agree to set prices on that product, the businesses have committed a per se offense under the Sherman Act.

true

The Clayton Act prohibits mergers and acquisitions where the effect may be substantially to lessen competition, or to tend to create a monopoly.

true

The Commerce Clause gives rise to the federal government's power to regulate business activity.

true

The Federal Trade Commission Act was written with a clear and specific definition of what constituted "unfair methods of competition" to provide the FTC with a clear vision to determine when a violation occurred.

true

The word "antitrust" dates from the late 1800s, when powerful companies dominated industries, working together as "trusts" to stifle competition.

true

The federal antitrust laws are primarily enforced by:

: the Department of Justice.

Predatory pricing occurs when:

a firm prices products below cost with the intent to drive out competitors

Assume that Iams and Purina executives get together and decide to charge a certain set price for their lamb and rice dog food. This would be an example of:

a horizontal restraint of trade.