Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


What Does Section 2 of the Sherman Act Ban? bans “monopolization”—the wrongful acquisition of a monopoly.
What does section 1 of the Sherman Act ban? prohibits all agreements “in restraint of trade.”
What does the Robinson-Patman Act ban? Bans bans price discrimination that reduces competition
What does the Clayton Act Prohibit? prohibits anticompetitive mergers, tying arrangements, and exclusive dealing
What is the purpose of the Clayton Act? (1914) To further define the Sherman Act (close loopholes).
Violations of the antitrust laws are divided into two categories per se ; rule of reason.
Points of per se • Automatice violations • can't defend by saying, “impact wasn't so bad”, “No one was hurt.” • defendants subject to both criminal and civil penalties. • Typically, the Justice Department has sought criminal sanctions only against per se violators.
Points of rule of reason Illegal only if anticompet impact. They consider circumstances, intent, impact to see if activity is unreasonable restraint of trade; If competitors agree to not deal with supplier, is illegal only if it harms comp. Tho Violators subject to civil pen/su
Who has the authority to enforce antitrust laws? Both the Justice Department and the Federal Trade Commission (FTC)
Which is the only department theat can bring criminal proceedings in an antitrust case? Justice Department
two approaches managers typically consider in developing a competitive strategy Cooperative strategies / Aggressive strategies
Definition - Cooperative strategies allow companies to work together to their mutual advantage
Definition - Aggressive strategies designed to create an advantage over competitors
Three types of cooperative strategies that are potentially illegal: Horizontal Cooperative Strategies Vertical Cooperative Strategies Mergers and Joint Ventures
Created by: Raidinator