Which of the Following Is NOT True Regarding Section 2

question 65

Multiple Choice

Which of the following is NOT true regarding Section 2 of the Sherman Act?

• A) Unilateral conduct may violate Section 2.
• B) Section 2 allows the mere possession of monopoly power.
• C) A firm violates Section 2 even if attains the monopoly power by superior performance.
• D) The offense of monopolization has two elements: monopoly power and proof that the defendant willfully acquired or maintained that power through anticompetitive acts.

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Definitions:

Market for Winter Coats

The economic environment or demand for winter coats, influenced by factors like seasonality, fashion trends, and consumer income.

Consumer Surplus

The discrepancy between what consumers are prepared and capable of spending on a product or service versus what they end up paying.

Decreases Price

A reduction in the cost or value of a good or service.

Consumer Surplus

The variance between the overall sum consumers can and will pay for a good or service and what they genuinely spend on it.