Question

The antitrust acts were the result of political pressures by whom?

a) The Populist movement

b) Farmers concerned about the railroad's pricing practices

c) The distribution of power between farmers and railroads

d) All of the above were political pressures to enact antitrust laws

ANSWER:

        23. Antitrust laws are concerned with the following, except:

a) Structure of the markets.

b) Foreign policy.

c) Conduct of market participants.

d) Performance of the markets.

ANSWER:

         24. What percentage of suits filed under the federal antitrust laws do private litigants bring?

a) 10

b) 34

c) 67

d) Over 90

ANSWER:

          25. Section 1 of the Sherman Antitrust Act pertains to which of the following?

a) Unilateral monopoly conduct

b) Unreasonable restraints of trade with a focus on joint conduct

c) Unfair pricing standards

d) Market domination in advertising

ANSWER:

Answer 1

22) (c) The distribution of power between farmers and railroads

Explanation - The Sherman Antitrust Act in 1890 is begin with the result of political pressures by the power distribution between farmers and railroads.

23) (b) Foreign policy.

Explanation - Antitrust laws are concerned with the performance of the markets and the Structure of the markets. Which help them to decrease the competition and monopolization.

24) (d) Over 90

Explanation - In between 1975 to 2004, there are more than 90% of the private litigants filed the under the federal antitrust laws.

25) (b) Unreasonable restraints of trade with a focus on joint conduct

Explanation - According to the section 1 of Sherman Antitrust Act.  Unreasonable restraints of trade with a focus on joint conduct and section 2 said that unilateral conduct attempts to monopolize or manage a monopoly.