Antitrust Laws

Question 1

antitrust violation involve

Answer 1

a contract, a conspiracy between or among competitors to unreasonably restrain trade, or a combination of these things

Question 2

Prohibits monopolies and collusive actions that result in unreasonable restraint of trade, such as price fixing.

Answer 2

The Sherman Act (1890)

Question 3

Supports the Sherman Act by prohibiting mergers or acquisitions that would unreasonably reduce competition or create monopolies.

Answer 3

The Clayton Act (1914)

Question 4

Created the Federal Trade Commission (FTC), an agency with the purpose of preventing unfair methods of competition in commerce.

Answer 4

The Federal Trade Commission Act (1914)

Question 5

Antitrust Violations

Answer 5

Price fixing
Group boycotts
Market allocation agreements
Tie-in arrangements

Question 6

guilt is determined when there is agreement between competing entities to do or not do an activity that has the effect of always or nearly always restricting competition.

Answer 6

per se

Question 7

The The Maryland Antitrust Act makes it unlawful to:

Answer 7

Any contract, combination or conspiracy in restraint of trade or commerce within the state.

Any conspiracy, combination or attempt to monopolize trade or commerce within the state.

Discriminatory practices that lessen competition.

Question 8

when two or more parties conspire to set prices for goods or services at the same or similar level.

Answer 8

Price fixing

Question 9

occurs when real estate professionals from competing firms agree to divide their market—by geography, price range, property type, etc.—and then refrain from competing for business.

Answer 9

Market allocation

Question 10

An antitrust violation in which the providing of one service is made dependent on the customer or client obtaining another.

Answer 10

tie-in arrangement