If a Court Employs the Rule of Reason When Considering

question 110

Multiple Choice

If a court employs the rule of reason when considering whether a firm is guilty of violating antitrust laws,the court _____

• A)considers the consequences of the offending practice that the firm engaged in.
• B)does not consider why the offending practice was adopted or its effect on competition.
• C)ignores the economic rationale for the offending practice and its consequences.
• D)need only determine that the offending practice took place.
• E)considers only whether the firm has market power, not whether it used that power unreasonably.

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Definitions:

Degrees of Freedom

A parameter used in statistical tests that describes the number of independent ways by which a statistical estimate can vary.

F Statistic

A ratio used in statistical analysis to determine the significance of groups of variables in a regression or ANOVA framework.

Null Hypothesis

The default position that there is no relationship between two measured phenomena or no association among groups.

Alternative Hypothesis

In hypothesis testing, the hypothesis that contradicts the null hypothesis, usually suggesting that a new theory or intervention has an effect.