1) The _____, as permitted by the Robinson-Patman amendment refers to price diff
ID: 446527 • Letter: 1
Question
1)
The _____, as permitted by the Robinson-Patman amendment refers to price differentials based on differences in the cost of manufacture, sale, or delivery of commodities.
cost justification defense
2)
Violations of the original Clayton Act were crimes, and the act contained sanctions for forfeiture of property.
True or
False
3)
Your school decides to expand and open a new campus in another state. Rather than acquiring land and building new buildings, the school board decides to merge with an existing school that has similar programs in the other state. The school you're merging with is a small commuter school with no dorms. 98% of its students are not only instate, but from the city the school is located in. This merger would be best described as a:
conglomerate merger.
4) If an action is determined to be illegal per se, the courts are not required to apply the rule of reason to analyze the case further. true or false
5) Under what is commonly referred to as the Colgate doctrine, the Supreme Court recognizes that independent action by a manufacturer is a per se violation of the Sherman Act. true or false
A. good-faith meeting-of-competition defense B. mobile defense C. position defense D. changing conditions defense E.cost justification defense
2)
Violations of the original Clayton Act were crimes, and the act contained sanctions for forfeiture of property.
True or
False
3)
Your school decides to expand and open a new campus in another state. Rather than acquiring land and building new buildings, the school board decides to merge with an existing school that has similar programs in the other state. The school you're merging with is a small commuter school with no dorms. 98% of its students are not only instate, but from the city the school is located in. This merger would be best described as a:
A. vertical merger. B. geographic market extension merger. C. horizontal extension merger. D. product market extension merger. E.conglomerate merger.
4) If an action is determined to be illegal per se, the courts are not required to apply the rule of reason to analyze the case further. true or false
5) Under what is commonly referred to as the Colgate doctrine, the Supreme Court recognizes that independent action by a manufacturer is a per se violation of the Sherman Act. true or false
Explanation / Answer
1) A. good-faith meeting-of-competition defense
Legal defenses which are available to Robinson-Patman violations: (1) the price difference is justified by different costs in manufacture, sale, or delivery or (2) the price concession was given in good faith to meet a competitor's price.
2) False . ( forfeiture of property is under Sherman Act)
3) B. geographic market extension merger.
4) True ( The courts are not required to apply the rules of reason if the action is determined illegal per se- Sherman Act)
5) False ( Under Colgate Doctrine , The Supreme Court recognizes that independent action by a manufacturer is not a per se violation of the Sherman Act.)
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