The Rule of Reason _____

question 20

Multiple Choice

The rule of reason _____

• A)applies to business practices that are illegal regardless of their economic rationale or their consequences.
• B)applies to business practices that are legal regardless of their consequences.
• C)is based on the idea that business practices cannot be proven to be illegal, and a consent decree is required to halt the practices.
• D)considers why a certain business practice was adopted and what the effects on competition are before determining whether the practice is illegal.
• E)focuses on market structure rather than on the behavior of firms in determining whether antitrust violations have occurred.

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Definitions:

Intrinsic Motivation

Motivation that is driven by an interest or enjoyment in the task itself, rather than external pressures or rewards.

Need for Competence

The desire to interact effectively with the environment, to master tasks, and to achieve proficiency.

Need for Achievement

A psychological trait that drives an individual to pursue and attain goals.

Intrinsic Motivation

Motivation driven by an interest or enjoyment in the task itself, and exists within the individual rather than relying on any external pressure.