Government Regulation competition and prices
Market power under the Sherman Act is defined by both geographic and product markets. True or false ?
What is True.
A(n) __________ is a negotiated disposition of a matter before an administrative agency, generally without public sanctions. (Fill in the blank)
What is informal settlement ?
If a company has market power, is that a monopoly ? Yes or No
What is No ?
How can an administrative agency can be created to perform ?
What is all three of the functions of government.
(executive, legislative, and judicial )
An Administrative Agency has the power to make laws and does so by promulgating regulations with public input. True or false ?
What is true ?
The Clayton Act prohibits price discrimination between different buyers of like commodities when the effect may be to substantially lessen competition. True or False ?
What is True.
An administrative regulation ___ ? (Fill in the blank)
What is has the force of law ?
When was the Clayton Act passed ?
What is 1914 ?
A administrative Hearing consist of ...
What is informal settlement or consent and decision by administrative agency
What does the the Freedom of Information Act contains ?
What is is intended to subject agency action to public scrutiny.
The Sherman Act applies only to buying and selling activities, not manufacturing and production activities. True or False ?
What is False.
The ____________ protection against self-incrimination cannot be invoked by a corporate officer when an agency has subpoenaed corporate records.
What is the fifth amendment ?
When was the Sherman Antitrust Act passed ?
What is 1890 ?
Which of the following is true about judicial review of agency action?
A)Courts will reverse agency decisions merely because the court would have made a different decision based on the same facts.
B)Judges tend to substitute their own judgment for that of the agency.
C)What is courts will reverse a decision if they disagree with the legal interpretation
What is courts will reverse a decision if they disagree with the legal interpretation ?
What is a monopoly ?
What is a situation in which a single company or group owns all or nearly all of the market for a given type of product/service ?
Explain what is boycott ?
What is Competitors agree to refrain from dealing with certain buyers. Boycotts are per se violations of the Sherman Act ?
What is include in securities exchange commission Consumer product safety commission and Food and Drug Administration ?
Who can regulate competition and prices ?
What is federal and state government ?
What is before an agency can begin rulemaking proceedings, it must be given jurisdiction by congressional enactment in the form of a statute ?
The administrative procedure act is a federal law that establishes the operating rules for administrative agencies ?
What is true ?
Define Tying and what does it do to the Sherman Act ?
What is he practice of selling one product or service as a mandatory addition to the purchase of a difference product or service and it violates the Sherman Act.
The public comment period for proposed administrative agency rules must be at least __ days. (fill in the blank)
What is 30 days ?
What is the tools of the trades based on what type of acts ?
What is the
1.Sherman Act
2.Clayton Act
3.Robinson-Patman Act
4.Federal Trade Commission Act
In the reviewing agency action stage and the courts generally apply to the _____ (fill in the blank)
What is the arbitrary and capricious standard ?
An administrative agency cannot be hold a hearing without a jury ?
What is false ?