9. Which of the following are possible penalties for violation of the Sherman Act?
a.
Up to $100 million for corporations and individuals.
b.
Up to $100 million for individuals.
c.
Up to $100 millions for corporations.
d.
None of these are correct.
10. Which of the following are considered illegal by the Clayton Act?
a.
Price discrimination.
b.
Exclusive dealing contracts.
c.
Corporate mergers.
d.
All of the above.
11. The following are exempt from antitrust laws:
a.
Small businesses.
b.
Coops.
c.
Labor unions.
d.
Agriculture groups even if they engage in restraint of trade.
12. When was the Federal Trade Commission established?
a.
1912.
b.
1914.
c.
1916.
d.
1920.
13. The following are bureaus of the Federal Trade Commission except:
a.
Bureau of Unfair Trade Practices.
b.
Bureau of Consumer Protection.
c.
Bureau of Competition.
d.
Bureau Economics.
14. What is the mission of the Bureau of Competition?
15. Explain the Wheeler-Lea Act.
Endnotes
Sources
Federal Trade Commission (n.d.). The antitrust laws. Retrieved from: https://www.ftc.gov/tips-advice/
competition-guidance/guide-antitrust-laws/antitrust-laws.
Jurist (2013). History of antitrust laws. Retrieved from: https://www.jurist.org/archives/feature/a-history-and-
the-main-acts/.
United States Department of Justice (n.d.). Antitrust laws and you. Retrieved from: https://www.justice.gov/
atr/antitrust-laws-and-you.
West’s Encyclopedia of American Law (n.d.). Antitrust law. Retrieved from: http://iris.nyit.edu/~shartman/
mba0101/trust.htm.
132
Chapter 11 Antitrust Law
This OpenStax book is available for free at http://cnx.org/content/col30149/1.5