The Rule of Reason Test, Under the Sherman Antitrust Act

question 75

Multiple Choice

The rule of reason test, under the Sherman Antitrust Act:

• A) considers the makeup of a relevant industry.
• B) does not consider the defendant's position in that industry.
• C) considers the defendant's need for the financial gain from the restraint of trade.
• D) does not consider competitor's ability to respond to the challenged practice of restraint of trade.

---

Definitions:

Binomial Probability

The probability of achieving a specific number of successes in a fixed number of Bernoulli trials with the same probability of success on each trial.

Normal Curve

A bell-shaped curve that is symmetrical about the mean, representing the distribution of a continuous random variable.

Continuity Correction

An adjustment made when using a continuous probability distribution to approximate a discrete distribution.

Binomial Random Variable

A type of discrete random variable that represents the number of successes in a fixed number of binary experiments.