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The Robinson-Patman Act makes it unlawful for a purchaser to receive the benefit of an actual discrimination in price: T / FTying agreements are illegal per se T / FThe FTC may issue regulations for an entire industry T / FThe passage of time per se is no barrier to a court requiring the divesture of stock acquired in (word) of Section 7 of the Clayton Act and the violations are to be measured at time of sold rather than at time of the acquisition T / FThere was a merger between the second largest can producer and the third largest glass jar producer. They were 4th and 6th, respectively, in the market embracing glass and metal containers.Glass containers do not generally compete with cans. The merger is not a violation of Section 7 if the Clayton Act. T / FA charge of price fixing can be defended against if the prices are not unreasonable under the “Rule of Reason” defense.Six major film distributors when selling films to television stations have a block-booking requirement. Block-booking is the conditioning of a sale of license of a desirable film upon purchase by the stations of a package containing one of more inferior films. Such contracts may be enjoined as violations of the antitrust laws. T / FInterlocking directorates are attacked under Section 8 of the Clayton Act rather than under the Sherman Act. T / FThe FTC uses a test for judging the credibility of n advertisement called the “Fool’s Test” T / FA charge of price fixing can be defended against if the prices are lower than they were before. T /FA “cease and desist” order has the same effect as an injunction. T / FState workers’ compensation statutes provide for payments for a stated period to workers who are unemployed through no fault of their own. T / F The tenth largest brewer in the United States acquired the assets of the eighteenth largest brewerin the U.S. After the merger other acquiring brewer had 4.4% of the industry’s total national beersales, 23.95% of the State of Wisconsin beer sales and 11.32% of beer sales in Wisconsin, Illinois, and Michigan. There had been history on concentration in the beer industry.The acquisition is in violation of Section 7 of the Clayton Act. T / FThe Government must prove no more than that there has been a merger between two corporations engaged in commerce and that the effect of merger may be substantially to lessen competition or tend to create monopoly in any line of commerce in any section of the country. T / F“Bait and Switch” refers to an advertisement that fails to disclose that a “mock-up” is used. T / FThe Federal Trade Commission Act was passed the same year as the Clayton Act. T / FPersons injured by a violation of the antitrust laws may recover three times their actual damages in an action against the violation corporation. T / FMergers are generally attacked under Section 7 of the Clayton Act rather than under the ShermanAct. T / FIn many Section 7 Clayton Act cases, the definition of the product market may decide the outcome of the case. T / FIt is a deceptive practice for a seller to state falsely that a product ordinarily sells for an inflated price but that it is being offered at a special reduced price even if the offered price represents the actual value of the product and the purchaser is receiving his moneys worth. T / FArbitration involves the Intervention of a third party in an attempt to reconcile or settle a dispute,without the power to compel acceptance of any proposed settlement. T / FA “consent order” means that a business has the FTC consent to engage in sales. T / FIn a highly concentrated industry, a horizontal acquisition by a larger company will usually be held to violate Section 7 of the Clayton Act. T / FIn many Section 7 Clayton Act cases, the definition of the geographic market may decide the outcome of the case. T / FA pure conglomerate merger is one in which there are no economic relationships between the merging and merged firms. T / F“Yellow-dog” contracts require management to hire exclusively union help. T / FUnder modern state laws, an employer can be held liable for injuries his employees sustain even if the employer is not at fault in any way. T / FIf a business agrees to go along with an FTC demand, it will sign a “consent order.” T / FPersons inured by a violation of the antitrust laws may require only their actual damages in an action against the violating corporation. T / FThe FTC can stop illegal business practice in its incipiency. T / FThe agency (or agencies) that can enter a “Cease and desist” order is (are) thea. National Labor Relations Boardb. Department of Commercec. Department of Justiced. Federal Trade Commissione. Two of the abovePrice discrimination is defined asa. Charging two people different prices for the same productb. Advertising at a price different from what is the asking pricec. Refusing to sell to someoned. Making a person buy another product to get the one he wantse. Two of the aboveLabor unions area. Subject to Sherman Act restrictionb. Completely exempt from the antitrust lawsc. Completely within the scope of the antitrust lawsd. Subject to Clayton Act restrictione. None of the aboveAn interlocking directorate is specifically prohibited by thea. Clayton Actb. Sherman Actc. Robinson-Patman Actd. Amendment to Clayton Acte. Federal Trade Commission ActThe Act that exempted unions from antitrust laws is thea. Federal Trade Commission Actb. Landrum-Griffin Actc. Sherman Actd. Clayton Acte. None of the aboveThe Act that required certain businesses to keep record of the hours worked per week by employees and wages paid them is thea. Federal Trade Commission Actb. Fair Labor Standards Actc. Clayton Actd. Wagner Acte. None of the aboveThe major defenses to a charge of price discrimination area. Good faith meeting of a competitionb. Changing conditionsc. Cost savingsd. Two of the abovee. Three of the aboveThe Act was designed to return the control of unions to their members and made embezzlement of union funds a Federal crime was thea. Landrum-Griffin Actb. Federal Trade Commission Actc. Norris-LaGuard’s Actd. Taft-Hartley Acte. None of the aboveThe tort law area that most adequately describes Worker’s Compensation isa. Internationalb. Res Osa Loquiturc. Negligenced. Strict liabilitye. None of the aboveThe common law defenses (which are no longer available under Workers’ Compensation) invoked by employers to avoid liability for injuries sustained by their

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CSU BUS 260 - Robinson-Patman Act

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