The Rule of Reason Approach

question 28

Multiple Choice

The rule of reason approach:

• A) examines the effects of the anticompetitive behavior before passing judgment.
• B) is a conclusive presumption of illegality.
• C) assumes a conduct to be inherently unreasonable.
• D) requires no inquiry to determine the reasonableness of an anticompetitive act.

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Definitions:

Proposed Rule

A regulation or policy put forward for consideration or adoption by a governmental entity or agency.

Administrative Agency

A government body responsible for the oversight and implementation of specific regulations and statutes within its area of authority.

Substantial Evidence Test

A legal principle that a decision must be supported by sufficient evidence that a reasonable person could accept as adequate to support a conclusion.

Proof Beyond A Reasonable Doubt

The highest standard of proof required in criminal trials, ensuring that there is no reasonable alternative to the conclusion that the defendant is guilty.