QUESTION 2

1. Resale price maintenance allows a manufacturer to set minimum prices for which goods can be sold at retail; this is a rule of reason violation of antitrust laws.

   True

   False

QUESTION 3

1. A tying arrangement is illegal if the 2 products are clearly separate and

   	a.	seller requires buyer to purchase the 2 products together
   	b.	seller has significant poer in the market for the tying product
   	c.	seller is shutting our a significant part of the market for the tied product
   	d.	All of the above.

QUESTION 4

1. A merger is another term for a joint venture.

   True

   False

4 points

QUESTION 5

1. The Robinson-Patman Act makes it illegal to charge different prices for the same items, lessening competition, unless

   	a.	the costs of serving this buyer are lower
   	b.	the seller is simply meeting competition
   	c.	either a. or b. above
   	d.	none of the above

QUESTION 6

1. Per se violations of antitrust laws are illegal only if they have an anticompetetive impact.

   True

   False

4 points

QUESTION 7

1. The Chicago School adherents argued that the market should determine the most efficient size for each industry and courts should ask if competition has been harmed. The Post Chicago School focuses on the impact on consumers.

   True

   False

QUESTION 8

1. An agreement between a manufacturer and a retailer is a horizontal cooperative strategy.

   True

   False