true or false. As originally written, the Clayton Act only applied to sellers, not buyers.

True or false. Under the Robinson Patman Act, when price differentials can be justified as legitimate, they do not constitute illegal practices.

True or false. A private party can bring a suit under the Sherman Act but not the Clayton Act.

True or false. The Sherman Act only regulates companies that are involved in interstate commerce.

True or false. Insurance companies are exempt from the Sherman Act.

True or false. The Reagan Administration saw increased, punitive enforcement of antitrust laws.

True or false. The integration of the operation of a supplier and a customer is a vertical merger.

True or false. Professional football is exempt from antitrust laws.

True or false. Copnglomerate merger is the term for a merger between two large companies that are competitors in the same business in the same geographical area.

True or false. The Sherman Act covers the issue of interlocking directorates.

True or false. In theory a trade secret can be protected for a longer period of years than a patent.