True/False

1. Vague generalities and obvious exaggerations known as puery are not considered deceptive advertising practices.

2. The FTC may order counteradvertising which requires a company to stop challenged advertising.

3. All restaurant chains must post the caloric content of menu items per the Aordable Care Act.

4. Per the Truth in Lending Act, a credit card company may retroactively increase interest rates.

5. The Sherman Antitrust Act was authored by the brother of Civil War General William Tecumseh Sherman.

6. Size alone determines whether a firm is a monopoly.

7. The Clayton Act defines price discrimination as the charging of dierent prices to competing buyers.

8. A crucial consideration in most merger cases is market concentration.

9. The Howey Test is used to interpret the Sherman Act.

10. Insider trading occurs when a person buys or sells securities based on information not available to the public.

11. The tipper/tippee theory prohibits outsiders from taking advantage of certain non-public information.

12. The relationship between a corporation and its shareholders is called incorporated dialogue