Antitrust Actions
(Chapter 5)
(Chapter 5)
This act prohibits contracts, combinations, and conspiracies that restrain trade.
What is the Sherman Act?
This type of merger involves firms at different stages of the production process.
What is a vertical merger?
This occurs when a seller charges different prices to different buyers.
What is price discrimination?
This is the primary source of law that creates and empowers administrative agencies.
what is Establishing legislation?
This is the process by which agencies create new regulations.
What is rulemaking?
This act prohibits unfair methods of competition and unfair deceptive acts or practices.
What is the Federal Trade Commission Act?
This type of merger involves firms that produce similar products or services.
What is a horizontal merger?
What is the Robinson-Patman Act?
This type of agency has the power to regulate specific industries.
What is an independent regulatory agency?
This is the type of notice required for formal rulemaking.
What is notice and comment?
This type of agreement occurs when competitors agree to divide sales territories or customers.
What is a market division agreement?
The Clayton Act prohibits mergers that substantially lessen this.
What is competition?
This occurs when a seller sets prices below cost to drive competitors out of the market.
What is predatory pricing?
This is the power of an agency to investigate and prosecute violations of its regulations.
What is enforcement powers?
This is the term for a formal agency hearing presided over by an administrative law judge.
What is an adjudicatory hearing?
This occurs when a seller requires a buyer to purchase an unwanted product or service as a condition of purchasing a desired one.
What is a tying arrangement?
This government agency is responsible for reviewing mergers for antitrust implications.
What is the Federal Trade Commission or the Department of Justice?
What is price fixing?
This is the power of an agency to create legally binding rules.
What is rulemaking power?
This is the document published in the Federal Register that contains proposed and final regulations.
What is the Federal Register?
This rule states that certain anti-competitive agreements, such as horizontal price-fixing, are automatically illegal.
What is per se rule?
This index measures market concentration and is used to assess the potential impact of mergers.
What is the Herfinadahl-Hirschman Index?
This involves a manufacturer setting the minimum price at which retailers can sell its product.
What is resale price maintanance?
This doctrine allows agencies to interpret ambiguous statutes, giving their interpretations deference by the courts.
What is the Chevron doctrine?
This is the power of agencies to conduct investigations, audits, and inspections.
What is investigatory powers?