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Magazine Problem 1
Which of the following is illegal under the Sherman Act? a. Attempts to monopolize b. Price-fixing c. Formation of cartels d. All of the above are illegal.
Problem 6
The importance of the Federal Trade Commission Act of 1914 is that it a. set up an independent antitrust agency with the power to investigate complaints. b. strengthened the law against mergers. c. strengthened the law against price discrimination. d. did none of the above.
Problem 7
Which of the following is concerned primarily with price discrimination? a. Sherman Act b. Clayton Act c. Robinson-Patman Act d. Celler-Kefauver Act
Problem 9
The Utah Pie case was brought under which of the following laws? a. Sherman Act b. Federal Trade Commission Act c. Robinson-Patman Act d. Celler-Kefauver Act
Problem 10
Although U.S. Steel controlled nearly 75 percent of the domestic iron and steel industry, in 1920 the Supreme Court ruled that the firm was \(n o t\) in violation of the Sherman Act because there was no evidence of abusive behavior. What antitrust doctrine was the Court applying in this case? a. The rule of reason b. The per se rule c. The marginal cost pricing rule d. The natural monopoly rule
Problem 12
The Interstate Commerce Commission (ICC) was established in a. 1887. b. 1890. c. 1929. d. 1933.
