Question

Antitrust a) In the Grinnell opinion (to the Sherman Act), the Supreme Court set out a...

Antitrust

a) In the Grinnell opinion (to the Sherman Act), the Supreme Court set out a two-prong test for illegal monopolization. What are these two prongs?

b) Briefly describe Deutscher Tennis Bund v. ATP Tour Inc

c) Briefly describe Gunter Harz Sports v. USTA

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The violation of monopoly under section 2 of the Sherman Act has 2 elements:

  1. The possession of monopoly power in the relevant market.
  2. The willful acquisition and maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident.

Thus, the test needs proof of these two distinct elements.

The first element needs the proof regarding monopolist who controlled the power to influence market prices and remove competition from the relevant market.

The second element of the test needs proof which supports the thing that monopolistic entity encouraged the monopolist’s challenged conduct.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Antitrust a) In the Grinnell opinion (to the Sherman Act), the Supreme Court set out a...
Antitrust a) In the Grinnell opinion (to the Sherman Act), the Supreme Court set out a two-prong test for illegal monopolization. What are these two prongs? b) Briefly describe Deutscher Tennis Bund v. ATP Tour Inc c) Briefly describe Gunter Harz Sports v. USTA
Sherman and Clayton Antitrust Acts (a) The Sherman Act makes it illegal to "monopolize, and attempt...
Sherman and Clayton Antitrust Acts (a) The Sherman Act makes it illegal to "monopolize, and attempt to monopolize." Does this imply that a person who owns a monopoly is breaking the law? If not, why not? (b) In plain English, what actions does Section 3 of the Clayton Act prohibit?
What is the Commerce Clause of the United States Constitution? The U.S. Supreme Court has a...
What is the Commerce Clause of the United States Constitution? The U.S. Supreme Court has a ruled that a state violates the Commerce Clause when …. What are the 3 major areas in which governments regulate commerce? What is a security? Describe the Securities Act of 1933 – What is the Securities and Exchange Commission? What is the Registration Statement? Define Sarbanes-Oxley Act and define it purpose. Define Antitrust What is a monopoly in business – Describe The Sherman Antitrust...
9. The Government tries to promote restrictive trade practices through antitrust laws like Sherman Act. True...
9. The Government tries to promote restrictive trade practices through antitrust laws like Sherman Act. True or False 10. Monopolistic Competition implies that eventually there are way too many firms in the market, and thus there is: a. unused capacity in each firm, and this is an inefficiency. b. Each firm in the long run makes 0 economic profit. c. Both a and b d. Neither a nor b 11. A tax that is imposed on an economic activity, not...
27–5. Section 1 of the Sherman Act. The National Collegiate Athletic Association (NCAA) and the National...
27–5. Section 1 of the Sherman Act. The National Collegiate Athletic Association (NCAA) and the National Federation of State High School Associations (NFHS) set a new standard for non-wood baseball bats. Their goal was to ensure that aluminum and composite bats performed like wood bats in order to enhance player safety and reduce technology-driven home runs and other big hits. Marucci Sports, LLC, makes non-wood bats. Under the new standard, four of Marucci’s eleven products were decertified for use in...
In 2002 the Supreme Court ruled that schools could require random drug tests of students participating...
In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 8 of 127 athletes at Wahtonka and 20 of 119 athletes at Warrenton said they were using drugs. Regard these athletes as SRSs...
(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of...
(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 5 of 100 athletes at Wahtonka and 25 of 136 athletes at Warrenton said they were using drugs. Regard these athletes...
In 2002 the Supreme Court ruled that schools could require random drug tests of students participating...
In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 5 of 136 athletes at Wahtonka and 21 of 116 athletes at Warrenton said they were using drugs. Regard these athletes as SRSs...
(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of...
(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 5 of 131 athletes at Wahtonka and 20 of 123 athletes at Warrenton said they were using drugs. Regard these athletes...
(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of...
(1 point) In 2002 the Supreme Court ruled that schools could require random drug tests of students participating in competitive after-school activities such as athletics. Does drug testing reduce use of illegal drugs? A study compared two similar high schools in Oregon. Wahtonka High School tested athletes at random and Warrenton High School did not. In a confidential survey, 4 of 125 athletes at Wahtonka and 26 of 149 athletes at Warrenton said they were using drugs. Regard these athletes...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT