The 1982 Act Passed by Congress in Order to Clarify

question 30

Multiple Choice

The 1982 act passed by Congress in order to clarify the standard to be applied in determining the extraterritorial effect of American antitrust law provides that:

• A) American antitrust law extends to all countries that do not have enforceable antitrust laws of their own.
• B) American antitrust law does not apply outside the U.S.
• C) American antitrust law applies only to conduct that has a direct, substantial, foreseeable effect on U.S. commerce.
• D) American antitrust law applies only to firms whose economic power is so substantial that they could directly and significantly dominate foreign markets.

---

Definitions:

Bet

A wager or gamble where an individual risks a certain amount of money or valuables on the outcome of an uncertain event.

Random Variable

A variable whose possible values are outcomes of a random phenomenon, often used in probability and statistics.

Soft Drink

A non-alcoholic beverage usually carbonated, sweetened, and flavored, including sodas and cola drinks.

Different Prices

The phenomenon that occurs when a seller sets varied prices for the same product in different markets or purchase contexts, often reflecting variations in demand elasticity.