If a Court Employs the Rule of Reason While Considering

question 134

Multiple Choice

If a court employs the rule of reason while 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:

Aristotle

Ancient Greek philosopher and scientist, a student of Plato and teacher of Alexander the Great, known for his writings on physics, metaphysics, poetry, theater, music, logic, rhetoric, linguistics, politics, government, ethics, biology, and zoology.

Quandary Ethics

A framework for addressing ethical decisions that present a significant conflict of principles or values, leading to uncertainty on the right course of action.

Golden Mean

In philosophy, particularly Aristotelian ethics, the desirable middle between two extremes, one of excess and the other of deficiency.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.