Antitrust Rule of Reason Per Se Illegality

The video tutorial explains antitrust law, focusing on the Sherman Act's per se illegality and the rule of reason. Per se illegality deems certain market activities illegal without further justification, while the rule of reason evaluates the competitive impact of conduct. The quick look or truncated rule of reason allows courts to consider pro competitive evidence for activities otherwise deemed per se illegal. The tutorial outlines factors considered in rule of reason analysis, such as market conditions and competitive effects.

What does 'per se illegality' imply under antitrust law?

• Activities are evaluated based on their market impact.

• Activities are automatically illegal without further justification.

• Activities are legal unless proven otherwise.

• Activities are illegal only if they harm consumers.

Which standard involves evaluating the overall circumstances to determine if conduct is anti-competitive?

• Per Se Illegality

• Quick Look Rule of Reason

• Rule of Reason

• Strict Liability Standard

What factors are considered under the Rule of Reason?

• Only the history of the restraint

• The convenience to suppliers and consumers

• The legality of the conduct

• The financial status of the company

What is the purpose of the quick look or truncated rule of reason?

• To apply strict liability without investigation

• To automatically deem conduct illegal

• To allow evidence that might justify conduct otherwise illegal

• To ignore any pro-competitive justifications

Under what condition does the court proceed to a full rule of reason investigation?

• If the conduct is per se illegal

• If the initial evidence is convincing

• If there is no evidence presented

• If the conduct is beneficial to consumers