Practice Quiz

Paralegal Exam Prep - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
166. The Clayton Antitrust Act amended the Sherman Antitrust Act by adding which of the following to the list of impermissible activities:
  1. Exclusive dealing agreements
  2. Price discrimination, whether or not it creates a monopoly
  3. Mergers
  4. Acquisitions
  5. None of the above
See answer
167. Under Section 2 of the Sherman Antitrust Act, to find a defendant guilty of monopolization what must the government prove?
  1. That the defendant was aware that his company's board of directors had the intent to monopolize.
  2. That the defendant had secret meetings with his or her board of directors where they planned how they could gain the power to monopolize.
  3. That the defendant had the intent to monopolize with the power to monopolize and that the defendant exercised the power.
  4. That the defendant had the intent to monopolize.
  5. That the defendant had the intent to monopolize with the power to monopolize.
See answer
168. In 2000, the worldwide airline industry was in trouble. Many airlines were on the verge of bankruptcy. Several airline executives, in an attempt to avoid financial ruin, instituted a scheme that artificially inflated passenger and cargo fuel surcharges between 2000 and 2006 to make up for lost profits. When the U.S. Department of Justice discovered the scheme, the airlines were fined a total of over $1 billion dollars, and a few executives served jail time. The airlines and executives were found to have engaged in which impermissible activity?
  1. Tying arrangement
  2. Collusive bidding
  3. Monopolization
  4. Price fixing
  5. Exclusive dealing
See answer
169. New Cola announced its intention to buy Old Cola, and Rival Cola said it would buy Other Cola. The Federal Trade Commission (FTC) reviewed the proposed transactions, looking at the size of the companies in relation to the size of the industry. The FTC decided to block the mergers. On what did the FTC base its decision?
  1. Competition index
  2. Competition-Merger index
  3. Herfindahl-Hirschman index
  4. Taft-Hartley index
  5. Sheman-Clayton index
See answer
170. If oil producers decide to restrict output to make a larger profit, there would be:
  1. A monopoly
  2. An oligopoly
  3. A duopoly
  4. A cartel
  5. More competition
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode