The Rule of Reason Refers To

question 31

Multiple Choice

The rule of reason refers to:

• A) unreasonable forms of price discrimination.
• B) the current need for more reasonable antitrust enforcement.
• C) the reasonableness of conglomerate mergers as opposed to other types of mergers.
• D) the idea that monopolies should be judged by their behavior.

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Definitions:

Primacy Effect

The tendency to remember and give more weight to information that is encountered first in a series.

Recency Effect

The phenomenon where more recently presented information is better remembered and has a stronger influence on judgment than older information.

Transference

In psychotherapy, the phenomenon where patients project feelings or attitudes from past relationships onto the therapist.

Halo Effect

A cognitive bias where the perception of one positive trait leads to the assumption of other positive traits in an individual.