This person is the founder and CEO of SpaceX and Tesla.
Who is Elon Musk?
This original antitrust law was designed to discourage monopolies by outlawing business agreements among competitions.
What is the Sherman Antitrust Act of 1890?
This exists when only one company provides a product or service without competition from other companies.
What is Twitter?
An agreement in which the federal government gives an inventor the sole right for 20 years to make, use, and sell an invention or a process
What is a Patent
Microsoft was in violation of the act when it required computer makers that wanted to buy its dominant Windows operating system to also accept its Internet Explorer browser.
What is the Clayton Act?
This type of monopoly exists because it would ultimately be better for consumers because of the large cost involved in developing or supplying a product or service. (such as public utilities)
What is a natural monopoly?
This business newspaper is published by Down Jones and has been published since its inception on July 8, 1869.
What is the Wall Street Journal?
Legal protection from unauthorized use of intellectual property fixed in any tangible medium of expression
What is Copyright
Issuing a patent is an example of this type of monopoly.
What is a temporary monopoly?
This company would represent McDonald's main competitor.
What is Burger King?
This consists of creations of the mind, that includes inventions, literary and artistic works, designs, symbols and names and images used in commerce
What is Intellectual Property
In 1938 this governmental act was pass to strengthen earlier laws outlawing unfair method of competition. This act focused on unfair or deceptive practices, such as false advertising.
What is the Wheeler-Lea Act?
Protection through patents is a method of protecting inventors. Name the THREE types of patents.
What is design, utility, and plant?
The agency established to regulate safety standards, airplane accidents and take offs and landings.
What is Federal Aviation Administration? (FAA)
This person is the CEO of Apple.
Who is Tim Cook?
Copyrighted material is protected for this length of time.
What is the author's life plus 70 years?
This act was established in 1936 and its purpose was to eliminate price discrimination.
What is the Robinson-Patman Act?
This legal process allows for the selling of assets to pay off debts, and if cash is not available, to be excused from paying unpaid debts.
What is the Bankruptcy?