In the Alcoa Case of 1945, the Courts Held That

question 44

Multiple Choice

In the Alcoa case of 1945, the courts held that

• A) the mere possession of monopoly power is a violation of the antitrust laws.
• B) only contracts and combinations that unreasonably restrain trade are in violation of the Sherman Act.
• C) retail and wholesale firms are exempt from antitrust legislation.
• D) firms that sell more than one-half of their output overseas are exempt from antitrust.

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Definitions:

Internal Search

The process consumers engage in by recalling stored information from memory concerning products and services as part of the decision-making process.

Personal Memories

Recollections of past experiences or events that hold personal significance to an individual.

Psychological Need

An intrinsic desire that dictates human behavior, such as the need for esteem, belonging, or self-actualization, influencing consumer behavior.

Economy Car

A compact and affordable type of automobile designed for efficient fuel consumption and lower operating costs.