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21 Cards in this Set

  • Front
  • Back
a theory of anitrust law that believes antitrust enforcement should focus on providing efficiency and shouldn't be concerned w/size of market
chicago school
distributor or retailer agrees w/a supplier not to carry the products of any other supplier
exclusive dealing agreement...possible violation of sherman act
a _______or merger is an agreement btwn two potention competitors
horizontal agreement
A company acquires or maintains a monopoly through the commission of unacceptably aggressive acts. A violation of §2 of the Sherman Act.
An automatic breach. Courts will generally not consider mitigating factors.
per se violation of an antitrust law
A violation of §2 of the Sherman Act in which a company lowers its prices below cost to drive competitors out of business
predatory pricing
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.
recipricol deal agreement
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
refusal to deal
A per se violation of the Sherman Act in which a manufacturer enters into an agreement with retailers about the prices they will charge.
resale price maintenance
An action that breaches the antitrust laws only if it has an anticompetitive impact.
rule of reason violation
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.
tying arrangement
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
vertical agreement
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.
Gaining unauthorized access to a computer system.
A seller at auction either bids on his own goods or agrees to cross-bid with a group of other sellers.
Unsolicited commercial or bulk e-mail.
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.
The right to the exclusive use of an invention for 20 years.
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.
trade secret
Any combination of words and symbols that a business uses to identify its products or services and that federal law will protect.
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.
consent order