1 A) Per se violationB) Rule of reason C) Structuralist view D) Active antitrust perspective 2 A) will not increase industry concentration B) does not violate antitrust laws C) will increase the Herfindahl index D) is a per se violation of the Sherman Act 3 A) firms with monopoly power restrict output and raise prices B) perfect information is needed to foster competitive outcomes C) negative externalities lead to an overallocation of resources to some industries D) deregulation of industries will foster competition and lower prices 4 A) vertical merger B) conglomerate merger C) horizontal merger D) per se violation of antitrust law5 A) are protected by the Celler-Kefauver Act B) are unlikely to create monopoly power C) promote exports, a worthy social goal D) reduce unemployment, a worthy social goal 6 A) unfair and deceptive sales practices that reduce competition B) vertical mergers C) conglomerate mergers D) price discrimination 7 A) Celler-Kefauver Act B) Sherman Act C) Wheeler-Lea Act D) Clayton Act 8 A) 33.3 B) 100 C) 1000 D) 4100 9 A) prices have dropped by one third to one half, adjusted for inflation B) industry output has decreased, adjusted for population growth C) these industries have "remonopolized" as firms have either merged or gone out of business D) deregulation ultimately harms consumers 10 A) pricing decisions by natural monopolies B) mergers that lead to industry concentration C) price discrimination D) product design
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