1. The impetus for federal antitrust legislation dating back to 1890 was concern that in particular markets a single, dominant firm could use its market power to

a.obtain unfair advantage over competitors.

b.dictate or influence prices or output.

c.choke off innovation.

d.a. and c. above.

2. Seven Ivy League universities get together to coordinate and adhere to uniform tuition prices and financial aid packages. Under the Sherman Act, this cooperation would be

a.a violation only if the seven universities actually achieved the intended results.

b.a violation because other universities were excluded from participation.

c.a per se violation where no justification is permitted.

d.not a violation because not-for-profit organizational behavior is evaluated under the Rule of Reason