In contrast to the Sherman Act, the Clayton Act of 1914 a. was more general, outlawing monopoly or attempting to acquire a monopoly b. identified specific practices that were illegal c. made interlocking directorates legal as long as they were reasonable d. invalidated the concept of "illegal per se"
In contrast to the Sherman Act, the Clayton Act of 1914
a. was more general, outlawing
b. identified specific practices that were illegal
c. made interlocking directorates legal as long as they were reasonable
d. invalidated the concept of "illegal per se"
e. made cartels legal
English Common law became the basis for American Common Law. What does the Common Law say about damages for parties injured by restraint of trade?
a. They are not permitted
b. Damages can be awarded in full to injured parties
c. Triple damages are awarded to injured parties
d. Only a fraction of damages will be awarded due to statutory restrictions
e. The government could sue for damages on behalf of injured parties, and then give them damages net of taxes
Some capital equipment such as a moving assembly line only comes in one size. This usually tends to create
a. a significant diseconomy of scale at the plant level
b. a significant diseconomy of scale at the firm level
c. a smaller MOS
d. an economy of scale
e. an antitrust case
Price seekers (or searchers) can charge a higher price, but only if they are willing to
a. have higher costs
b. sell less
c. take in less revenue
d. make less profit
e. loose market status
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