Which of the following statements is true of monopoly power?
A) Mere possession of monopoly power violates Section 1 of the Sherman Act.
B) If monopoly power is thrust upon a firm, there is a violation Section 2 of the Sherman Act.
C) Monopoly power which exists because of a patent or franchise violates the Clayton Act.
D) If a firm engages in conduct that has the effect of extending its monopoly power, it does not violate the Sherman Act.
E) Proof of monopoly power alone is insufficient to qualify as a violation of the Sherman Act.

Question

Quizplus · Accepted Answer

Proof of monopoly power alone is insufficient to qualify as a violation under Section 2 of the Sherman Act. Attempts to monopolize cases require proof of intent to destroy competition or achieve monopoly power along with a dangerous probability that monopolization will occur.

Which of the Following Statements Is True of Monopoly Power