Which of the Following Statements Is TRUE Regarding the Penalties

question 13

Multiple Choice

Which of the following statements is TRUE regarding the penalties for violations of the antitrust laws?

• A) For firms, fines have ranged up to $500,000 per violation.
• B) Penalties for violation of the antitrust laws can be quite severe with fines ranging up to $1,000,000.
• C) Prison sentences have never been used for as a remedy for individual officers and employees of firms involved in antitrust activities.
• D) The cost of defending a firm in an antitrust suit is small because the government provides each firm with representation if requested.
• E) The cost of antitrust lawsuits has been kept somewhat in check because the antitrust laws prohibit the imposition of treble or punitive damages.

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Definitions:

Acquittal

A legal judgment that a person is not guilty of the crime with which they have been charged.

Representativeness Heuristic

A cognitive shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles available prototypes.

Death Penalty

A legal punishment where an individual is put to death by the state as a penalty for a crime.

Representativeness Heuristic

A mental shortcut used when making judgments about the probability of an event under uncertainty, based on how similar it is to our stereotypes of similar occurrences.