Under What Circumstances Would Quality Market,a Small Store in Rustic,an
Under what circumstances would Quality Market,a small store in Rustic,an isolated town,be considered a monopoly? If Quality Market is a monopoly,is it in violation of antitrust law?
Farm Crops Corporation offers to sell its wheat substitute to Gluten-Free,Inc.,only if Gluten-Free agrees to buy all of the wheat substitute that it needs from Farm Crops,even though there are other sellers from whom Gluten-Free could buy.This is
A) an exclusive-dealing contract.
B) a tying arrangement.
C) price discrimination.
D) business acumen.
Gaucho Ranchland Supplies Corporation believes that Vaquero Stock & Equipment Corporation engages in anticompetitive behavior in an attempt to drive Gaucho,its chief competitor,out of the market.Antitrust laws can be enforced against Vaquero by
A) only a disinterested third party.
D) none of the choices.
Big U.S.Oil Company joins with a foreign cartel to control the price of oil.The cartel has a substantial effect on U.S.commerce.A suit for violation of U.S.antitrust laws can be brought against
A) both Big U.S. Oil and the cartel.
B) neither Big U.S. Oil nor the cartel.
C) only Big U.S. Oil.
D) only the cartel.