Multiple choice

Question 1

Fairway Products, Inc., and Golly Golf Clubs Corporation lobby Congress to pass a law banning a competitors product. This joint effort is probably

a. a violation of antitrust statutes. 

b. exempt from antitrust enforcement. 

c. not subject to antitrust law. 

d. subject only to antitrust common law. 

Question 2

Fresh Vegetables, Inc., a wholesaler, refuses to sell its produce to Good Mart Stores, Inc., a retailer. This is

a. "an unfair or deceptive act or practice." 

b. a per se violation. 

c. not a violation. 

d. subject to analysis under the rule of reason. 

Question 3

Global Services Corporation engages in trade practices that may violate antitrust law. The Federal Trade Commission has the power to act against unfair trade practices under

a. the Clayton Act. 

b. the Federal Trade Commission Act. 

c. the Sherman Act. 

d. no law. 

Question 4

Gourmet Foods, Inc., requires all distributors of its products to sell them at a specified minimum price. Under the Sherman Act, this is a violation

a. if the anticompetitive effects outweigh the competitive benefits. 

b. if the competitive benefits outweigh the anticompetitive effects. 

c. under any circumstances. 

d. under no circumstances.