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The ________ may initiate criminal prosecutions of violations of the Sherman Act as felonies. Department of the Interior. Department of Justice. Office of the States

The ________ may initiate criminal prosecutions of violations of the Sherman Act as felonies.

Department of the Interior.

Department of Justice.

Office of the States Attorney.

Federal Bureau of Investigation.

A court order which prohibits a business from committing any further violations is a[n] ________.

Declaratory Judgment.

Order of Default.

Injunction.

Restrictive Covenant.

The ability of a firm to fix prices unilaterally is called ______.

Unfair collaboration.

Usury.

Monopoly power.

Oligopoly power.

Under the _______, courts make the determination that unreasonable behavior is an unreasonable restraint of trade on a case-by-case basis.

Per se rule.

Rule of reason test.

Chicago School.

Consumer Protection Act.

A concerted action where competitors establish the price instead of the market is ______.

Usury.

Vertical interbrand competition.

Monopoly power.

Horizontal price-fixing.

A _______ is where two or more competitors agree to refuse to purchase products from a specific business or to sell to a specific business.

Exclusive dealing arrangement.

Reciprocal dealing arrangement.

Horizontal group boycott.

Price-fixing agreement.

A[n] ________ occurs when a buyer is not permitted to purchase one item without purchasing another.

Reciprocal dealing arrangement.

Exclusive dealing arrangement.

Vertical group boycott.

Tying arrangement.

_________ occurs when a seller offers a price to one buyer and a higher price to another buyer.

Price-fixing.

First line price discrimination.

Employment discrimination.

Tying.

A _______ occurs when two businesses at different places on the distribution chain merge.

Tying arrangement.

Exclusive dealing arrangement.

Vertical merger.

Horizontal merger.

An entity's ________ is determined by examining the appropriate product or service and the appropriate geographic area.

Relevant market.

Scope of employment.

Anti-competitive behavior.

Price discrimination.

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