BUS 115 Chapter 12 Antitrust Law

Antitrust Law is called this in England: ___________ Law

• Anti-monopoly Law
• Competition Law
• Antitrust Law
• Restraint of Trade Law

There are no monopolies in the US

• True
• False

What was the first antitrust law enacted?

• Tne Antitrust Act
• The Sherman Act
• The Federal Trade Commission Act
• The Clayton Act

Which of the following acts was not one of the "big three" which helped create antitrust law?

• Sherman Antitrust Act
• Clayton Antitrust Act
• Interstate Commerce Act
• Federal Trade Commission Act

Which of the following is not prohibited by the Sherman Act?

• Temporary restraints
• Naked restraints
• Ancillary restraints
• Temporary limited restraints

What is the name of a state run by an oligarchy of business cartels?

• Plutocracy
• Particracy
• Kritarchy
• Stratocracy

Which act declares price fixing a criminal act under federal jurisdiction?

• Clayton Antitrust Act
• Sherman Antitrust Act
• Federal Trade Commission Act
• Price Fixing is no longer a crime

How long has competition law existed?

• 350 years
• 1,000 years
• 4,000 years
• 2,000 years

What year was the Diocletian Edict passed?

• 50 BC
• 301 CE
• 483 CE
• 1266 CE

Which of the following are possible penalties for violation of the Sherman Act?

• Up to $100 million for corporations and individuals

• None of these are correct.

• Up to $100 million for corporations

• Up to $100 million for individuals