Question 1

When did the US government begin to concern itself with monopolies?

Accepted Answer

late 1800s

Answer

late 1700s

Answer

mid 1800s

Answer

early 1900s

Question 2

What act was an early attempt to control the growth of monopoly in the US?

Accepted Answer

Sherman Act (of 1890)

Answer

Federal Trade Commission Act (of 1914)

Answer

Clayton Act (of 1914)

Answer

Monopoly Control Act (of 1900)

Question 3

What type of violation was existence of a monopoly deemed under antitrust law?

Accepted Answer

per se violation

Answer

criminal violation

Answer

negligent violation

Answer

civil violation

Question 4

What does the 'Rule of Reason' require when prosecuting a firm for monopoly behavior?

Accepted Answer

proving anticompetitive intent

Answer

proving innovation

Answer

proving monopoly status

Answer

proving market dominance

Question 5

Which case led to the 1984 breakup of 'Ma Bell' into the seven 'Baby Bells'?

Accepted Answer

United States vs. AT&T

Answer

United States vs. Apple

Answer

United States vs. Google

Answer

United States vs. Microsoft

Question 6

In what year was Microsoft found guilty of monopoly behavior by the US Department of Justice?

Accepted Answer

2000

Answer

1995

Answer

2005

Answer

2010

Question 7

What is considered illegal under antitrust law regarding monopoly behavior?

Accepted Answer

engaging in anticompetitive behaviors

Answer

promoting healthy competition

Answer

having cost-effective operations

Answer

being the only producer

Question 8

What act was aimed at preventing 'cutthroat pricing' in the US?

Accepted Answer

Federal Trade Commission Act (of 1914)

Answer

Clayton Act (of 1914)

Answer

Consumer Protection Act (of 1920)

Answer

Sherman Act (of 1890)

Question 9

What made the government nervous about the wealthy families owning oil, steel, and rail transport?

Accepted Answer

powerful control of key industries

Answer

economic growth

Answer

technological advancements

Answer

political influence

Question 10

What was the purpose of the Sherman Act of 1890?

Accepted Answer

control monopoly growth

Answer

support monopolies

Answer

encourage mergers

Answer

boost competition

Question 11

What is a 'per se' violation in antitrust law?

Accepted Answer

specific violation without proof of effects

Answer

violation based on intent

Answer

violation based on competition

Answer

violation based on effects

Question 12

Under the 'Rule of Reason,' what must be proven when prosecuting a firm for monopoly behavior?

Accepted Answer

anticompetitive intent

Answer

cutthroat pricing

Answer

market dominance

Answer

monopoly power

Question 13

What did the US Department of Justice find Microsoft guilty of in 2000?

Accepted Answer

monopoly behavior

Answer

innovation

Answer

mergers

Answer

competition

Question 14

What was one anticompetitive behavior that could make a firm guilty of monopoly behavior?

Accepted Answer

cutthroat pricing

Answer

quality products

Answer

fair pricing

Answer

loyal customers

Question 15

What type of violation was a monopoly deemed to be early on in antitrust law?

Accepted Answer

per se violation

Answer

effects violation

Answer

competition violation

Answer

intent violation

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