LAW 531 Week 2 Quiz 2 | University of Phoenix

LAW 531 Week 2 Quiz 2 | University of Phoenix

1. What is the stated cause of action?

o an attempt to suppress and eliminate competition

o combination and conspiracy to increase and maintain the price of NBR

o unreasonable restraint of interstate and foreign trade and commerce

o all of the above

2. Which antitrust law did the defendant violate?

o Taft-Hartley Act

o Federal Trade Commission Act

o Clayton Act

o Sherman Act

3. Which of the following is NOT an element of this complaint? 

o a description of the defendant and co-conspirators

o an explanation of the offense

o a description of the legal action that will be taken against the defendant

o a conclusion that the defendant’s actions significantly affected interstate commerce

4. Which of the following was an illegal act by the defendant?

o using deceptive practices to lie to consumers about the actual price of the product

o participating in conversations and agreements with co-conspirators to maintain the price of their product

o embezzling funds to maintain their business structure

o raising the price of their product

5. This is an example of which type of trade restraint?

o horizontal

o vertical

o monopoly

o none of the above

6. Which method did Zeon Chemicals L.P. use to restrain trade, based on the complaint?

o division of markets

o exclusive dealing agreement

o price fixing

o all of the above

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