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21 Cards in this Set
- Front
- Back
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a theory of anitrust law that believes antitrust enforcement should focus on providing efficiency and shouldn't be concerned w/size of market
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chicago school
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distributor or retailer agrees w/a supplier not to carry the products of any other supplier
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exclusive dealing agreement...possible violation of sherman act
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a _______or merger is an agreement btwn two potention competitors
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horizontal agreement
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A company acquires or maintains a monopoly through the commission of unacceptably aggressive acts. A violation of §2 of the Sherman Act.
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monopolization
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An automatic breach. Courts will generally not consider mitigating factors.
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per se violation of an antitrust law
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A violation of §2 of the Sherman Act in which a company lowers its prices below cost to drive competitors out of business
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predatory pricing
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An agreement under which Company A will purchase from Company B only if Company B also buys from Company A. These agreements are rule of reason violations of the Sherman Act.
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recipricol deal agreement
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An agreement among competitors that they will not trade with a particular supplier or buyer. Such an agreement is a rule of reason violation of the Sherman Act
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refusal to deal
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A per se violation of the Sherman Act in which a manufacturer enters into an agreement with retailers about the prices they will charge.
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resale price maintenance
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An action that breaches the antitrust laws only if it has an anticompetitive impact.
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rule of reason violation
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violation of the Sherman and Clayton Acts in which a seller requires that two distinct products be purchased together. The seller uses its significant power in the market for the tying product to shut out a substantial part of the market for the tied product.
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tying arrangement
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An agreement or merger between two companies at different stages of the production process, such as when a company acquires one of its suppliers or distributors
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vertical agreement
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A small computer file that identifies the user of a computer. Internet sites typically place cookies on a computer's hard drive to track visitors to their site.
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cookie
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Gaining unauthorized access to a computer system.
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hacking
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A seller at auction either bids on his own goods or agrees to cross-bid with a group of other sellers.
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shilling
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Unsolicited commercial or bulk e-mail.
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spam
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Under federal law, the holder of a copyright owns a particular expression of an idea, but not the idea itself. This ownership right applies to creative activities such as literature, music, drama, and software.
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copyrite
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The right to the exclusive use of an invention for 20 years.
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patent
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A formula, device, process, method, or compilation of information that, when used in business, gives the owner an advantage over competitors who do not know it.
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trade secret
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Any combination of words and symbols that a business uses to identify its products or services and that federal law will protect.
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trademark
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An agreement entered into by a wrongdoer and an administrative agency (such as the Securities and Exchange Commission or the Federal Trade Commission) in which the wrongdoer agrees not to violate the law in the future.
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consent order
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