Sherman Antitrust Act

Clayton Act

Federal Trade Commission Act

Hart-Scott-Rodino Antitrust Improvements Act

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

To protect consumers from fraud and deception

To ensure that businesses have equal access to resources

A monopoly is a single seller, while an oligopoly is a few sellers

A monopoly has complete control over the market, while an oligopoly has limited control

A monopoly can set prices at will, while an oligopoly must consider the reactions of its competitors

All of the above

To require companies to notify the government before certain mergers and acquisitions

To establish a pre-merger notification system

To give the government the authority to block mergers and acquisitions that may substantially lessen competition

All of the above

To investigate and prosecute violations of antitrust laws

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

All of the above

A horizontal merger is between companies in the same market, while a vertical merger is between companies in different markets

A horizontal merger can lead to increased market power, while a vertical merger can lead to increased efficiency

A horizontal merger is more likely to be challenged by antitrust authorities than a vertical merger

All of the above

To prohibit certain anti-competitive practices, such as price-fixing and exclusive dealing

To regulate the prices of goods and services

To protect consumers from fraud and deception

To ensure that businesses have equal access to resources

To investigate and prosecute violations of antitrust laws

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

All of the above

To prohibit certain anti-competitive practices, such as price discrimination

To regulate the prices of goods and services

To protect consumers from fraud and deception

To ensure that businesses have equal access to resources

A cartel is an agreement between competitors to fix prices or output, while a joint venture is a cooperative arrangement between two or more companies

A cartel is illegal per se, while a joint venture is not

A cartel can lead to higher prices for consumers, while a joint venture can lead to lower prices

All of the above

To clarify the application of antitrust laws to international trade

To promote fair competition and prevent anti-competitive practices in international trade

To protect consumers from fraud and deception in international trade

All of the above

To investigate and prosecute violations of competition laws

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

All of the above

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

To protect consumers from fraud and deception

To ensure that businesses have equal access to resources

To investigate and prosecute violations of competition laws

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

All of the above

To promote fair competition and prevent anti-competitive practices

To regulate the prices of goods and services

To protect consumers from fraud and deception

To ensure that businesses have equal access to resources