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7 Cards in this Set

  • Front
  • Back
The Sherman Act prohibits individual anticompetitive behavior that produces or is intended to produce monopoly power.
True
A resale price maintenance agreement is a per se violation of Section 1 of the Sherman Act.
False
A sale between two consumers is not subject to the Truth-in-Lending Act.
True
An environmental impact statement is required for federal government projects only.
False
One of the most powerful tools that the federal government has for maintaining a competitive economy is:
Correct The Sherman Act
The Sherman Act applies solely to restraints that affect:
Correct interstate commerce.
Predatory pricing occurs when:
Correct a firm prices products substantially below cost to drive competitors out of the market.