True or false. Under the “rule of reason” that was established by the Supreme Court in th
True or false. Under the “rule of reason” that was established by the Supreme Court in the U.S. Steel case, a monopoly seller should be found guilty of violating antitrust laws even if it is charging low prices to consumers and acting the same way a competitive firm would act.
2. How would you expect antitrust authorities to react to:
a. A proposed merger of Ford and General Motors.
b. Evidence of secret meetings by contractors to rig bids for highway construction projects.
c. A proposed merger of a large shoe manufacturer and a chain of retail shoe stores.
d. A proposed merger of a small life-insurance company and a regional candy manufacturer.
e. An automobile rental firm that charges higher rates for last-minute rentals than for rentals reserved weeks in advance.