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The Federal Trade Commission is charged with

The Federal Trade Commission is charged with

a. supervising cartels in the United States

b. aiding small business in contract negotiations with foreign companies

c. investigating unfair and deceptive trade practices

d. approving contracts between businesses and government

e. bringing criminal complaints

86.              Which of the following would be illegal under the Robinson-Patman Act?

a. Ford and General Motors meet to fix the price of cars.

b. Computer makers form a cartel.

c. General Mills and Kelloggs decide to merge.

d. Exxon sells gas at a higher wholesale price to independent gas retailers than to
Exxon retailers.

e. Exxon Oil and Mobil Oil elect the same person to their boards of directors.

87.              The Robinson-Patman Act is primarily concerned with

a. mergers

b. price fixing

c. price discrimination

d. monopoly

e. unfair and deceptive practices

88.              The Sherman Antitrust Act is primarily concerned with

a. mergers

b. nationalization

c. price discrimination

d. monopolization

e. unfair and deceptive practices

89.              Under a rule of reason approach, an act is illegal

a. only if it is shown to result in an anticompetitive outcome

b. if two parties merge

c. if a firm engages in price discrimination

d. if two firms engage in price fixing

e. if two firms undertake a joint venture

90.              Under a rule of reason approach, which of the following would be legal in the United
                            States?

a. the merger of two small companies in an unconcentrated market

b. price fixing between IBM and Compaq

c. the merger between Ford and General Motors

d. Kellogg’s and General Mills collude to drive Quaker Oats out of the business

e. Exxon Oil and Mobil Oil elect the same person to their boards of directors

Dec 12 2019 View more View Less

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