Name: ______________ MGMT 533 Final Exam (March 2013) Part I – True and False Questions (1 point each) 1. ____ The Robinson-Patman Act deals with price discrimination. 2. ____ The Florida Supreme court decisions can be appealed to the U.S. Supreme Court. 3. ____ NAFTA is a multilateral treaty of North American countries. 4. ____ U.S. courts have no jurisdiction over foreign businesses with operations in the United States.
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shaping up. The genesis of all this was in the Sherman Antitrust act in the year 1890. That act strove to control the market environment by putting a tight leash on trusts‚ organizations and companies which went against that act. To complement and strengthen this Sherman act‚ which later on turned out to be the basis of anti trust litigation by Federal government‚ another Act was passed sometime later‚ in the year 1914. This was the Clayton Antitrust act‚ passed by the Congress of the United States
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The Clayton antitrust act was passed in 1914. The act was drafted by Alabama Democrat Henry De Lamar Clayton. President Wilson instructed congress to come up with the act when he went into office in 1912. Wilson felt as though large companies had too many freedoms. The Act was put into effect to prohibit anticompetitive price discrimination‚ prohibit against certain tying and exclusive deal practices‚ expand power to private parties to sue and obtain triple damages‚ labor exemption that permitted
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The Clayton Antitrust Act‚ It was passed in 1914‚ proscribes certain additional activities that had been discovered to fall outside the scope of the Sherman Antitrust Act. For example‚ the Clayton Act added certain practices to the list of impermissible activities: a. Price discrimination between different purchasers‚ if such discrimination tends to create a monopoly b. Exclusive dealing agreements c. Tying arrangements d. Mergers and acquisitions that substantially reduce market competition. EUROPEN
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Antitrust practices Introduction Antitrust practices are practices carried on by businesses that end up destroying perfect competition in the market. Antitrust laws are laws prepared to seek and promote healthy market competition by preventing anti-competitive practices by companies. Some of the illegal practices that constitute to antitrust behavior include corporate mergers‚ monopolies and price fixing conspiracies (Bailey‚ 2010). The Clayton Act of 1914 was passed by the U.S Congress. It was
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To: Reader From: Re: Sherman Antitrust Act Facts John Davison Rockefeller was the founder of Standard Oil Company in 1870 and ran it until he retired in 1897. Standard Oil gained almost complete control over the oil refining market in the United States by underselling its competitors. Rockefeller and his associates owned dozens of corporations operating in just one state. The Sherman Antitrust Act was enacted on July 2nd‚ 1890 which prohibits activities that restrict interstate commerce
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photography market making it a monopoly in the picture making business. According Antitrust Laws “a monopoly occurs when one company has solid control over the market with a particular product or service. The Sherman Antitrust Law was enacted in 1890 to prevent corporate monopolies or attempts at monopolization. This includes contracts to restrain free trade and protects consumers from unfair business practices. This act was made into law‚ Congressional support for it was so strong that there was only
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Microsoft Antitrust Claims Steve Lopez BUS 670: Legal Environment Prof. Mark A. Cohen November 27‚ 2012 Antitrust Claims faced by Microsoft Valid Microsoft is a large diversified computer software manufacturer that produces the Windows family of operating systems for personal computers and servers. Bill Gates and Paul Allen founded the company on April 4‚ 1975. Microsoft is now the world’s largest software maker based on yearly revenue
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century and made applicable to what we call ‘competition law’ in the USA. It is important to note that the enactment of the Sherman Anti-trust Act‚ 1890 was a reason for this development. What is the correlation between ‘restraint of trade doctrine’ and ‘modern competition law’? This article seeks to examine the relationship between the two by tracing back cases when the Sherman Act was newly enacted and the interpretation given by the US Supreme Court. The article has two parts. Part I deals with the
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Antitrust Practices and Market Power Introduction The purpose of this paper is to look into a case of antitrust behavior being investigated involving Johnson and Johnson and Novartis AG‚ and to analyze and discuss the various antitrust practices that the organizations involved are accused of utilizing. Its purpose is also to discuss how the practices being deployed in this scenario can help any of the organizations to secure market power‚ which is defined by the ability of a firm to
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