Chapter 13

Question 1

Prohibit monopolization

Conspiracies to retrain trade

Answer 1

The Sherman Act(1890)

Question 2

Exclusive Dealing

Answer 2

Cannot have rival products

Question 3

Tying Contract

Answer 3

Bundling goods

Question 4

Interlocking Directories

Answer 4

Cannot sit on multiple boards

Question 5

The Robinson Patman Act(1936) was against ?

Answer 5

Against price discrimination

Question 6

The Celler-Kefauver Act extends Clayton Act

Answer 6

Cannot buy physical assets

Question 7

Standard Oil Case(1911) lead to?

Answer 7

Rule of Reason

Question 8

Rule of Reason

Answer 8

Existence of monopoly is not illegal, unless there is an illegal practice

Question 9

Alcoa Case(1945) lead to?

Answer 9

Rule of per se

Question 10

Rule of per se

Answer 10

Monopoly is illegal

Small is beautiful

Question 11

IBM Case(1969-1982) lead to…

Answer 11

Initially IBM did not have competition, over time it did

Question 12

AT&T Case(1978-1982) lead to?

Answer 12

Natural Monopoly - Long Run Average Cost decreases

Question 13

MIT Case lead to?

Answer 13

Price Fixing

Question 14

Marginal Cost Pricing, Price cieling = ?, profit ? 0

Answer 14

Marginal Cost,

Question 15

Average Cost Pricing, Price cieling = ?, profit ? 0

Answer 15

LRAC, =